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In spite of record high vehicle fuel prices, gov't has no plans to reduce excise tax

The government has no plans at the moment to reduce the excise tax content of vehicle fuel, in spite of record-high prices, the National Economy Ministry said when asked by MTI.

Hungarian oil and gas company MOL will raise its wholesale prices for petrol and diesel both by HUF 3 per litre from Wednesday, MTI learnt from industry insiders on Monday. The increase will bring prices at the pump to around HUF 364 per litre for petrol and HUF 354 per litre for diesel, record highs. (MTI Econews)