Hungarian filling stations running out of price-capped fuel

  • 📰 AP
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Drivers in Hungary are running into gasoline and diesel shortages at filling stations as a government-imposed price cap squeezes independent stations and leaves the state energy company struggling to meet increased demand.

As market prices kept rising, especially following Russia’s invasion of Ukraine in February, Hungary’s fuel imports plummeted; foreign suppliers found the country a less attractive place to sell given the mandated discount prices.

MOL says its refinery in the central Hungary town of Szazhalombatta is only operating at around 50% capacity due to technical difficulties. Interruptions to Hungary’s oil supply through the Druzhba, or Friendship pipeline, which delivers crude to Hungary from Russia via Ukraine, have also contributed to lagging supplies.

“If it can’t, and if has to be imported, then obviously the import price is much more expensive. So the question is for how long we can supply the country with gasoline and diesel,” Gulyas said.European Union sanctions against Moscow— especially those that would affect the import of fossil fuel products — and blamed them for rising energy prices and soaring inflation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The news media is useless, and an obstacle to proper society. IE: You cry for a price cap. After you get a price cap, you cry about the damage it causes. This is not useful, and portends as journalism. People will catch on eventually. You have no value.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in ENERGY

Energy Energy Latest News, Energy Energy Headlines