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Hungarian government to phase out fuel price cap, PM Magyar says

Hungarian government to phase out fuel price cap, PM Magyar says

- Hungary's government decided on Wednesday to phase out a fuel price cap that was imposed in March by former Prime Minister Viktor Orban amid surging crude prices, ahead of an April parliamentary election that Orban had lost.

Prime Minister Peter Magyar announced the decision in a Facebook post but did not say when the price cap would end. The limited prices on petrol and diesel have been available for vehicles registered in Hungary.


(Reporting by Krisztina Than)

((krisztina.than@thomsonreuters.com;))

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