MOL pricing policy favors own stations
Thursday, July 14, 2005, 09:05
MOL Rt has adopted the new strategy of raising fuel prices at different rates, daily Népszabadság reported. As a wholesaler the company sells gas at Ft 8 higher and diesel Ft 6 higher, while at its own gas stations prices rose only by Ft 4 and Ft 3 respectively. MOL has an 80% share on the wholesale and 35% of the retail markets. Alternative stations can choose to swallow the difference or to dump it on consumers. Both versions are quite likely to cause losses. MOL's new policy might force some gas station networks out of Hungary, said Shell Hungary Rt Chair-CEO István Varga. MOL spokesman Ferencz I Szabolcs said the company has changed its pricing policy and said networks can also buy gas from refineries in neighboring countries.