Hungary announced a package to help fuel stations hit by the fuel price cap
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Thursday, March 3, 2022
Yesterday, Hungarian State Secretary for Economic Strategy and Regulation László György announced a package to help independent fuel stations on Facebook, including tax breaks and reimbursements. The government capped fuel prices at HUF480 on November 15, but initially refused to compensate for losses. Since February 4, wholesale prices exceeded consumer prices. Most fuel stations introduced volumetric limits, and at least three of them closed.
On February 22, Shell set a HUF50000 transaction limit on fuel purchases for lorries at then of its most busier stations near highways, because demand outpaced their re-supply capabilities. The limit was soft, because the number of transactions per day per vehicle was not limited. The company reported significant fuel tourism.
- announced measures to ease the situation of small petrol stations (announced by a ministry, confirmed by the Association of Independent Fuel Stations, but not yet in the official gazette)
- wholesale price freeze (February 28)
- volumetric limits enforced by fuel stations (MOL announcement: March 2; SHELL announcement: February 22; maybe: small stations (not up-to-date, reports did not name the stations to spare them from targeted governmental checks/visits))
- fuel tourism (as reported by daily “Új Szó”); petrol company Slovnaft in neighboring Slovakia is MOL property
- closed stations (Andromeda Kft., Tolna county, based on daily Népszava)
- maybe: info on the Association of Independent Fuel Stations (so far, I have found Hungarian sources only)
- maybe: world price rising, additional crude oil quantity had been ordered by MOL via the Friendship pipeline from Russia (runs thru Ukraine, but it still works)
- background info (start/end date, government goals, original setup)