Hungary may phase out protected fuel price subsidies

Falling international oil prices after a tentative US‑Iran cease‑fire and nuclear‑talks agreement have sharply reduced Brent crude, narrowing the gap between market and state‑protected fuel prices in Hungary. Average gasoline prices fell to about 660 forint per litre and diesel to around 675 forint, prompting experts to say that if gasoline stays below roughly 640 forint, the phased removal of the protected price regime becomes realistic.

The protected prices, which impose a significant cost on the Hungarian budget, have been under review as market prices converge. Analysts note that only a few neighboring countries, such as Poland and Bulgaria, currently offer cheaper gasoline, while diesel is cheaper in several Central European states. The potential phase‑out could be scheduled for 2026, contingent on continued favourable developments in the Middle‑East peace talks.