Why is the Hungarian government phasing out the fuel price cap, according to Prime Minister Peter Magyar?

According to Prime Minister Peter Magyar, the government is phasing out the fuel price cap because 'fuel prices at filling stations will likely fall below the capped prices by 10–15 forints per litre already this week,' prompting the government to 'tweak the legislation... and phase out the price cap.' The decision was made during a government meeting and is directly tied to the anticipated decline in market fuel prices, not to broader fiscal or policy shifts.

What are the current capped prices for petrol and diesel in Hungary, and who is eligible for them?

The current capped price for petrol is 595 forints ($1.95) per litre, and for diesel it is 615 forints per litre; these capped prices are available only for vehicles registered in Hungary.

Hungarian Government to Phase Out Fuel Price Cap, PM Magyar Says

Jun 17, 2026

Hungary's government announced plans to phase out fuel price caps following geopolitical developments and expected market price declines. Petrol and diesel were previously capped at 595 and 615 forints per litre respectively.

reuters

2026-06-17

Hungarian Government to Phase Out Fuel Price Cap, PM Magyar Says

Hungarian Government to Phase Out Fuel Price Cap, PM Magyar Says

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