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Hungary to extend fuel price cap beyond April 3 vote, Orban says -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A man poses in front of a petrol pump at the Budapest station on January 19, 2011. REUTERS/Bernadett Szabo

BUDAPEST, Reuters – Hungary’s government decided to prolong a limit on fuel prices for three more months after it expires on Tuesday. Prime Minister Viktor Orban stated this in Saturday’s annual state of nation address.

Orban stated that the price cap had worked and that he would extend it for three more months. This means that a limit on retail fuel prices of 480 forints (or $1.53 per litre) will apply until May 15. After the April 3 parliamentary elections,

($1 = 313.9900 forints)

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