Mol to lower wholesale petrol, diesel prices from Wednesday
Hungarian oil and gas company Mol Nyrt will lower the wholesale price of 95-octane petrol by Ft 2 and that of diesel by Ft 3 from Wednesday, MTI reported citing industry insiders.
Industry analysts attributed the decision to falling global oil prices, and to the forint's strengthening. Mol last reduced fuel prices two weeks earlier, lowering petrol and diesel prices Ft 2 and Ft 4, respectively.
The move will bring the average retail price of petrol to around Ft 256 per liter, although prices may vary as much as Ft 10-Ft 15 at petrol stations. Retail diesel prices will fall to around Ft 260 per liter.
ADVERTISEMENT
Századvég Puts 2023 GDP Growth at 0.6%
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
