Peter Magyar and MOL to Keep Hungary Fuel Price Cap

Peter Magyar and MOL chief Zsolt Hernadi agreed to maintain fuel price caps after the new government forms. The move aims to ensure domestic supply stability.

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Peter Magyar, the leader of the Tisza party and winner of the recent general election in Hungary, announced on Thursday that he has reached an agreement with MOL HUNGARIAN OIL AND GAS PL to maintain the nation's existing fuel price caps. The decision follows a high-level meeting with MOL Executive Chairman Zsolt Hernadi as Magyar prepares to form a new government by the middle of May.

Peter Magyar, leader of the Tisza Party, stands outside Sandor Palace in Budapest following his party's recent election victory. REUTERS/Bernadett Szabo
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