Fuel prices in Hungary are on a yearly basis, with several factors behind it. Excise duty is only one slice of this, and the other influencing items include, for example, The price of raw material, the refining, wholesale and retail margins. While we are not bad at European level in the case of tax burdens, this can not be said about other aspects. According to statistics published regularly by the European Commission, the average price per liter of domestic gas oil is 165 HUF, which is the seventh highest in the EU. Looking at gasoline, a milder trend is observed, with the average price of 149 Ft / l being in the middle.
What can be the high fuel price for?
In addition to the fuel tax, there is a rise in logistical costs due to the shortage of the beach – hence the fuel prices are determined by the Mediterranean price level – and moderate competition. Another fact is that there is no sharp refinery competition in the Hungarian market, 60% of fuel is from MOL, 20% from OMV and the remainder comes from other companies.
Distribution of the refined fuel source
Is there a change expected?
By further increasing the excise duty, the border crossings in Hungary would become uncompetitive, and international carriers would not be refueling either within Hungary. Because of the low tax rate, petrol is Europe’s cheapest in Europe, but diesel is not that bright anymore, the region has the highest prices in the region, which exceeds the French and German price levels. This may change if the price of Brent per barrel in January is more than $ 50.