An unexpected decision has been made regarding local fuel prices, according to the latest news a report by Holtankojak.hu. The year ended with a good start In terms of fuel prices, as of Friday, the wholesale price of diesel will decrease by 10 forints.
The purchase price of gasoline will remain unchanged this week. It should be noted that retail prices have deviated significantly from wholesale prices in the recent past, so it is difficult to say with certainty what prices motorists can expect to see as of the last working day of the week.
In any case, the average price of a liter of 95 gasoline is currently 562 Hungarian forints (1.47 euros) and the price of diesel is 599 forints (1.57 euros). If this is taken as a basis for the stagnant gasoline price,
The average diesel price could drop to 589 HUF (1.54 euros).
On paper, there is a good chance this will happen, as Andras Uros, MOL’s retail director in Hungary, recently stressed that if macroeconomic conditions lead to price changes in the wholesale market, the retail market will follow.
We’ll find out on Friday if that’s the case, but a 10-forint cut in diesel prices is a pleasant surprise. One would have expected a rise of a few forints, if not a significant one. The reasons for this are that neither the Brent price per barrel nor the movements of the forint-dollar exchange rate (not to mention the situation in the Middle East) indicate the direction of falling prices.
However, the recovery in demand for crude oil in the global market seems to have overcome these negative factors, and car owners can clearly welcome this.
Only because it means that the initial increase of 20 forints per liter from January due to the change in customs duties will not hurt much. If the just-announced 10-forint reduction is reflected at the pumps, diesel users will only have to accept a 10-forint increase overall.
This means a difference of only 500 forints in an average tank of 50 liters.
However, it is true that in mid-January there will be another increase of 21 forints, and the second round of tariff increases. However, until then, wholesale prices will change two more times, on Monday and Wednesday next week, and therefore, in a very optimistic scenario, it is still possible that macroeconomic developments will lead to a sustained decline in prices, and the price rise will not be halted in mid-January. . Claim to consumers.
Via Világgazdaság, featured image via Pixabay