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Government extends gasoline price cap for another three months

picture of Hungarian gas station

The government will extend the “price stop” on fuel for three more months, ending on May 15. The measure was announced by Viktor Orbán in his annual assessment of the year speech, and shortly afterwards also announced by the government on Facebook.

The legislation, which capped the price of regular gas and diesel per liter at 480 Ft. (US $1.53), took effect on November 15 and was planned to expired on February 15.

In his speech assessing the year, Prime Minister Orbán spoke about the government’s policy of four “stops” that have been implemented as inflation-fighting measures: utility costs, fuel prices, interest rates on floating mortgages, and the prices of certain consumer goods.

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