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Fuel prices to reach new historical record on Wednesday

Hungarian oil and gas company MOL is to raise its wholesale petrol and diesel prices both by HUF 4 per liter from Wednesday, industry insiders told MTI on Monday.

The changes will bring prices at the pump to about HUF 357-358 per liter for petrol and HUF 345 for diesel, both new historic records.

MOL last changed its wholesale fuel prices one week ago, raising the price of petrol by HUF 8 per liter for petrol and HUF 6 per liter for diesel.

In January 2010, the average price of petrol was HUF 317 and the price of diesel was HUF 297. (MTI-Econews)