What specific subsidy amount and eligibility criteria did Prime Minister Peter Magyar announce for diesel car owners in Hungary?

Prime Minister Peter Magyar announced that owners of diesel-powered vehicles with a maximum of 150 horsepower will receive a total of 20,000 forints ($63.96) in compensation by December, targeting approximately one million such vehicles and their families.

Why did the Hungarian government choose a targeted subsidy instead of a fuel price cap, according to Prime Minister Magyar?

According to Prime Minister Magyar, the government will not introduce a fuel price cap because it could trigger supply shortages, opting instead for a targeted subsidy to provide 'direct and effective support' amid an unprecedented diesel shortage in Europe.

Hungary to Provide Targeted Subsidy for Diesel Car Owners Amid Fuel Shortage

Sep 11, 2026

Hungary plans to subsidize diesel car owners with 20,000 forints each amid a European fuel shortage caused by Russian export bans and reduced refining capacity at MOL's Danube plant. The government avoids price caps to prevent exacerbating supply constraints.

reuters

2026-09-11

Hungary to Provide Targeted Subsidy for Diesel Car Owners Amid Fuel Shortage

2026-09-21

Hungarian PM Rejects Report on Joint Fuel Reserve With Ukraine

Hungary to Provide Targeted Subsidy for Diesel Car Owners Amid Fuel Shortage

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