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Diesel excise tax increase to raise prices at the pump by HUF 16 per liter

A government decision to raise the excise tax on diesel fuel will raise prices at the pump by more than HUF 16 per liter, including the effect of VAT, to HUF 387 per liter, or over HUF 400 at stations on motorways.

The government announced on Tuesday that the excise tax on diesel would rise to HUF 110 per liter from HUF 97.35 from November.

The excise tax on petrol will remain unchanged at HUF 120 per liter.