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80% of Hungary’s Small Filling Stations Near Bankruptcy Due to Gov’t Price Cap on Fuel

Although they recently got some financial help from the state, 80% of small gas stations remain on the edge of bankruptcy, said Gábor Egri, President of the Alliance of Independent Gas Stations, to ATV News. The industry interest group was created after the government introduced its price cap on regular gas and diesel oil.

Smaller gas stations have been struggling since the government introduced the policy to limit the cost of fuel for drivers.

Egri said that that the financial aid that gas station owners recently received was in fact “just enough to keep these companies alive on ventilators.” [Index]

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