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Unexpected: MOL lowers fuel prices in Hungary
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As of early Monday afternoon, MOL, Hungary’s leading oil and gas company, reduced the price of fuel by HUF 10 at all its filling stations.
Effective early Monday afternoon, MOL has reduced the price of fuel (or, in the absence of wholesale price changes, its margin) by HUF 10 at all its filling stations, Népszava reports, citing market sources.
MOL changes its prices – more precisely, its margin
The news portal noted that this happened independently of wholesale price changes, meaning the company reduced its margins, i.e. its own profit. It was recalled that, although the sector does not admit that its tariffs and profits are above the regional average, the government has indicated that it might reintroduce a fuel price cap.
If the market-leading chain’s move is followed by all Hungarian petrol stations, Holtankoljak’s figures suggest an average price of HUF 637 (EUR 1.63) for petrol and HUF 623 (EUR 1.59) for diesel per litre.