Economy minister calls on fuel industry insiders to keep prices ‘competitive’
At a meeting with representatives of the Hungarian Petroleum Association (MASZ), including ones from oil and gas company MOL, Nagy said he saw a “chance for adjusting” petrol prices, but not diesel prices. Local fuel prices need to stay in the “regional mid-range”, he added.
Affordable fuel is in the “common interest” and can contribute to a recovery of consumption and a 4 percent GDP growth, he said.
The sides earlier agreed to meet regularly to discuss the impact of domestic and international trends on fuel supply and prices, the ministry noted.