ADVERTISEMENT

Natural gas price may get a 25% hike in August

Energy Trade

Pending government approval, the Economy and Transport Ministry is planning to raise the price of natural gas as of August by 25% for households below a consumption threshold of 1,500 cubic meters per month; those in the 1,500-3,000 cubic meter bracket will pay 30% more, whereas above 3,000 cubic meters a 37% price hike will apply, according to business daily Napi Gazdaság. The figures differ significantly from those quoted by another newspaper a few weeks ago, which were 10%, 30% and 50%, respectively. As opposed to the average 30% rate of increase, the new welfare subsidy system will reduce this effect to 10%-12% for large families and people with disabilities, the newspaper reported, adding that retirees using district heating will receive subsidies to be able to pay their heating bills.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.