Fuel price situation in Hungary in relation to the EU

posted in: Szakmai | 0

In our country, 55-57% of the fuel price per liter per liter is the tax burden, which at first glance may seem significant, but we should look at where we are in Europe. At the beginning of October, a special excise tax increase came into force in Hungary, resulting in an average price of petrol of 6.35 forints and gas oil by 12.7 forints. With this fuel prices reached a one-year peak, gasoline is sold at an average of 350 HUF / l and gas oil at a retail price of 364 HUF / l.

Do we have the highest tax burden on us?

Based on the statistics published by the European Commission in early October, Hungary’s 58% and 56% tax burdens are not the highest in the EU. In the case of gasoline, we are located among low-ratio countries and in the case of diesel in the middle. The highest tax burden is experienced in the United Kingdom, Sweden, Italy, France and Belgium. At the opposite end of the list are Estonia, Latvia, Lithuania, Poland, Romania and Hungary.


Tax burden on fuels in individual European countries (%)

What about the prices?

Examining the retail prices, there is a different picture, diesel prices are outstanding in Europe, but petrol is not remarkable. The lowest diesel prices are in Latvia, Lithuania and Bulgaria, with Spain, Portugal, Romania, Hungary, France and Germany in the middle, with Britain, Italy and Sweden at the forefront. Examining the average petrol prices of gasoline, other results can be found. The most expensive countries are Turkey, France, Germany and Sweden, with average prices in Spain, Hungary, Slovakia and Slovenia and low in Bulgaria, Romania, Poland and the Czech Republic.

So, in relation to the European Union, we are not at the top of the list of fuel prices, but in domestic terms, diesel and petrol prices per liter are at the top of the year. Large fuel-consuming businesses can avoid the cost of change due to the fuel purchased at lower prices or with refueling machines.

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