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Hungarian oil and gas company Mol Nyrt said it will further reduce the wholesale price of 95-octane petrol by Ft 6 from Wednesday. The price of diesel will stay the same.
Market insiders attributed the decision to falling global prices.
The change means a drop in the retail price of petrol to under Ft 300 per liter, although prices may vary as much as Ft 15 at different petrol stations. A week earlier, Mol cut wholesale petrol prices by Ft 5.