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Gov't offers small gas station operators price cap relief

World

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The government decided on Thursday to offer small gas station operators a HUF 20-per liter subsidy to keep them operating and staffed while a retail vehicle fuel price cap is in place, state secretary for economic strategy and regulation László György said on Facebook on Thursday.

The government expects gas stations that get the subsidy to continue operating and to maintain headcount, György said.

The government also decided to exempt small gas stations from rules requiring them to top up lorries and buses over 3.5 tonnes, he added.

Other relief the government is offering the businesses include temporary rent suspensions for stations on local council-owned property, a loan repayment moratorium, payroll tax exemptions for up to four staff and 0% bridging loans.

The proposals were made by the Independent Gas Stations Association (FBSZ) and supported by business association VOSZ and the Hungarian Petroleum Association (MASZ).

FBSZ counts about 1,000 gas stations among its members.

 The government introduced a HUF 480/liter retail vehicle fuel price cap on November 15 to ease higher inflation for an initial period of three months. The measure was recently extended until May 15.

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