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Mol to cut wholesale petrol prices from Wednesday

Hungarian oil and gas company Mol Nyrt will further lower the wholesale price of 95-octane petrol Ft 3 from Wednesday, at the same time raising the wholesale price of diesel by Ft 3, portfolio.hu reported.

The change will bring retail petrol prices well under Ft 300 per liter, although prices may vary as much as Ft 15 at different petrol stations. Market insiders attributed the move to falling global petrol prices and the firming forint, but were at a loss to explain the rise in diesel prices.