Hungary's Fuel Supply Secure, Capped Prices to Continue

In a reassuring statement for Hungarian consumers, MOL has confirmed that the nation's fuel supply remains robust and uninterrupted, even amidst turbulent global market conditions. This assurance comes after discussions involving MOL's senior leadership and Tisza Party officials, including Peter Magyar, who is poised to lead the next government.

Magyar, speaking after the meetings, reiterated the Tisza Party's commitment to maintaining capped fuel prices for both diesel and petrol. Crucially, he stated that this policy will not place an additional strain on Hungary's national budget. This stance aligns with the government's repeated promises to ensure affordable fuel for Hungarian citizens.

Adding to the fuel security measures, Magyar has formally requested that Prime Minister Viktor Orbán extend the current reduction in fuel excise tax. This measure, currently set to expire on April 30, is sought to be prolonged until May 30. While Magyar framed this as a demand, it is widely seen as a strategic move, given the government's existing commitment to lower fuel prices. The Tisza Party leader also touched upon MOL's dividend payments, indicating that the company will operate within existing regulations, with a potential third-quarter dividend payment to be proposed to the board.