“Taking into account the interests of consumers, we have decided to enforce the mandatory excise tax increase in two installments: the first increase can be expected on January 1st, and the second one can be expected on January 15th, first by HUF 20 and then by HUF 21,” András Orosz told Index. the retail director of Mol in Hungary.
It was revealed in July: the Ministry of Finance, in line with EU regulations, is forced to raise the excise tax from the first of January. Zsolt Hernádi, the president and CEO of the Mol group, later revealed that A 41 forint price increase may come at gas stations.
According to András Orosz’s announcement, the company will enforce the mandatory excise tax increase in two installments: on the first of January and in the middle of the month, the tax increase will be implemented first by HUF 20 and then HUF 21. If macroeconomic conditions bring about other price changes in the wholesale trade during this period, the retail market will follow suit.
THEREFORE, CONSUMERS WILL NOT BE BURDENED BY THIS ADDITIONAL TAX BURDEN AT THE SAME TIME.
András Orosz revealed to Index that in September of this year, we had to pay more than HUF 100 more for fuel at the wells. If we look at the same period last year, the retail price is HUF 130-160 cheaper now. The current tax increase could have been enforced in prices, but there is a different business rationality behind the move: the Mol group also follows a long-term strategy in the retail sector, András Orosz stated in an interview with Index.
