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    Hungary to give targeted subsidy to owners of diesel-powered cars

    Picture of MOL Magyar Olaj es Gazipari Nyrt logoMOL Magyar Olaj es Gazipari Nyrt
    11/09/2026 13:59
    Hungary to give targeted subsidy to owners of diesel-powered cars
    BUDAPEST, Sept 11 (Reuters) - Hungary's government will give a targeted subsidy to compensate households using diesel-powered cars as fuel prices have risen but will not introduce a fuel price cap as that could trigger supply shortages, Prime Minister Peter Magyar said on Friday. 
    Magyar said in a Facebook post that there was an unprecedented diesel shortage in Europe. 
    "By December, owners of diesel-powered vehicles with a maximum of 150 horsepower will receive a total of 20,000 forints  ($63.96) in compensation," he said, adding that farmers will also receive help in the form of excise tax refunds.

    ($1 = 312.7000 forints)

     (Reporting by Krisztina Than)
     ((krisztina.than@thomsonreuters.com;))

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