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Mol to cut gas prices

Mol Rt will cut its wholesale gasoline prices by Ft 3 as of Wednesday, according to daily Népszabadság. If retailers follow up on the reduction, pump prices could ease back to a little over Ft 290 for the 98-octane, and just above Ft 280 for the 95-octane gasoline a liter. Diesel prices will remain unchanged in the region of Ft 270 a liter. The move comes less than two weeks ahead of a planned 5% VAT cut in fuel prices due to come into force on October 1.