The Hungarian government on Tuesday night lifted the cap on gasoline prices because of shortages in the country following European Union sanctions against Russian oil supplies.
Hungarian Government spokesman Gergely Gulyas announced that in view of the crisis situation that has developed in recent days, his Executive will remove the maximum price of 480 Hungarian forints (1.17 euros).
«The implementation of sanctions has caused tangible disruptions in the energy supply in Hungary,» the Executive spokesman has explained after criticizing the European sanctions on Russia.
Gulyas has informed that the measure for the disappearance of the price cap would come into force at 11 p.m., half an hour after the press conference.
«We have always said that the cap makes sense as long as security of supply is maintained. It was possible to refuel at low prices for almost 13 months, I think it was worth it for all Hungarian families,» the Hungarian spokesman said.
