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    Hungary lifts gasoline price cap due to EU sanctions

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    The Hungarian government has lifted the administrative restriction on gasoline prices due to fuel shortages in the country due to European Union (EU) sanctions against oil supplies from Russia. This was announced by the head of the office of the Prime Minister of the country, Gergely Guiyash, writes 24.hu.

    According to him, the ban on the supply of Russian crude oil has led to disruptions in fuel imports. “The result of the Brussels sanctions is that we can no longer guarantee the price of 480 forints of gasoline,” he said. countries about the inability to provide the national economy with sufficient fuel due to EU sanctions. He added that the lifting of the cap on gasoline prices would lead to an increase in inflation.

    According to him, gasoline reserves in Hungary will last for several months. The head of MOL, Zsolt Ernadi, in turn, stressed that sanctions on Russian oil products would come into force in two months. He noted that this would also become a critical situation.

    Earlier, Hungarian Prime Minister Viktor Orban said that rising energy prices and inflation in Europe are the result of EU anti-Russian sanctions. In his opinion, the reasons for high prices are not economic, but political.

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