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Hungary govt says fuel price cap hinges on MOL's ability to ensure sufficient supply

11/30/2022 | 09:43am EST
FILE PHOTO: Hungarian PM Viktor Orban delivers a speech for National Day, in Zalaegerszeg

BUDAPEST (Reuters) - Hungary's government will decide about the extension of a price cap on fuels based on information from oil and gas group MOL on whether the company is able to ensure supply, Prime Minister Viktor Orban's chief of staff told a briefing on Wednesday.

The fuel price caps expire at the end of December.

"There are worrying news," Gulyas said, listing new EU sanctions and a continued reduction in output at MOL's refinery in Szazhalombatta. "If conditions arise when there is not enough gasoline and diesel then we need to take a step."

(Reporting by Krisztina Than and Anita Komuves)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -2.83% 79.73 Delayed Quote.-3.41%
WTI -3.33% 73.419 Delayed Quote.-4.63%
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