The chairman of the TISZA Party met with MOL’s senior management on Thursday. As a result of the talks, they agreed that the protected fuel price would remain in effect. At the same time, Péter Magyar asked Viktor Orbán to extend the measure reducing the excise tax on fuels, which is set to expire on April 30.
In a Facebook post, prime minister-elect Péter Magyar reported that he had held talks with CEO Zsolt Hernádi and MOL executives, accompanied by István Kapitány, the party’s expert on economic development and energy, and András Kármán, budgetary and tax policy expert. Following the talks, Magyar said they agreed that
the discounted prices for both gasoline and diesel would remain in place even after the new government takes office, and that maintaining these prices would not impose any additional burden on the state budget.
During the meeting, the MOL management confirmed that Hungary’s fuel supply is secure despite uncertainties in the international market. Magyar therefore proposed that the current government extend the excise tax reduction at least until May 30.
In early March, before the fuel price cap was introduced, Magyar demanded that the Fidesz government set the official price at 480 forints (1.32 euros). This demand was a surprising twist, as TISZA energy expert Kapitány had previously opposed the introduction of price caps. He had voiced this opinion on multiple occasions. Most recently, at the end of March, he stated, “much less intervention is needed, much less special tax is needed, much fewer price caps and retail profit margin caps.”
Fact
In response to developments in the international oil market, Viktor Orbán’s government introduced fuel price caps effective March 10, 2026. Under the measure, vehicles registered in Hungary and holding valid registration documents are eligible to refuel at capped prices: 95-octane petrol at no more than 595 forints (1.63 euros) per liter, and diesel at no more than 615 forints (1.69 euros) per liter.
Via MTI, hirado.hu; Featured image: MTI/Balogh Zoltán
