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Hungarian oil and gas company Mol Nyrt will lower the wholesale price of 95-octane petrol by Ft 2 and diesel by Ft 4 from Wednesday, portfolio.hu reported citing market sources.
Industry analysts attributed the decision to falling global oil prices and high stock levels. Mol last reduced fuel prices a week earlier, lowering both petrol and diesel prices by Ft 3. Diesel will remain more expensive than petrol, but will fall to around Ft 260 accroding to portfolio.hu.