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

    Picture of MOL Magyar Olaj es Gazipari Nyrt logoMOL Magyar Olaj es Gazipari Nyrt
    17/06/2026 19:56
    Hungarian government to phase out fuel price cap, PM Magyar says
    BUDAPEST, June 17 (Reuters) - 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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