Source: SFGate
“Hungary’s government will introduce a price cap on gasoline and diesel at fueling stations beginning at midnight local time, Prime Minister Viktor Orbán announced on Monday. The move came against the backdrop of soaring global oil prices as the Iran war, now in its second week, ensnares countries and infrastructure critical to the production and movement of oil and gas. In a video posted on social media, Orbán said ‘the international oil price explosion has reached Hungary as well’, and that the government would cap the price of gasoline at 595 forints ($1.75) per liter and diesel at 615 forints ($1.81) per liter. He added that the capped price would only apply to vehicles with Hungarian license plates and registration documents, and that Hungary would free up its oil reserves to ensure adequate supply.” (03/09/26)