In order to protect families and the economy, Minister of Economic Development Márton Nagy held talks with the leaders of Mol, including Péter Ratatics, the president of the Hungarian Mineral Oil Association (MÁSZ), the managing director of Mol Consumption Services, the Ministry of Economic Development (GFM) informed MTI on Tuesday. Both MÁSZ and Mol are ready to cooperate in moderating fuel prices.
According to the statement, the head of the ministry met with the actors of the fuel trade industry, during which they jointly reviewed the domestic and global economic processes, with particular regard to the field of energy and fuel supply.
The parties examined the reasons for the increase in fuel prices in the past period and the expected development of prices, and also analyzed and specified the problems and risk factors that arose in the past period.
It was found that the fuel supply in Hungary is stable and safe, but the increase in fuel prices can be traced back to international and country-specific factors.
The development of prices was significantly influenced by the fact that Russia and Saudi Arabia also reduced their production, resulting in a higher world market price on the fuel market, while among the country-specific factors, the reduction of the price advantage of Russian oil compared to Brent, as well as the significant increase in transit fees, were highlighted. Currently, Mol is forced to pay between three and five times the market average for transport due to the increase in the transit fee of the Ukrainian and Croatian pipeline network.
