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Hungary’s Orbán extends fuel cap until July

Hungary’s Prime Minister Viktor Orbán announced to extend the fuel price cap until 1 July.

“Prices are increasing across Europe and the main reason for this is the war in Ukraine,” said the Hungarian PM in his Facebook video, adding that the government will do everything to protect Hungarian families from this price surge, that’s why prices caps on fuel and basic foods have been implemented.

The government first decided to maximise the prices of petrol and diesel at 480 forints (1.3 euros) per litre in November last year due to rising inflation. Then in February this year, the price caps have been extended to an additional three months, until May. At the end of February, the government capped the wholesale price of petrol and diesel as well.

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