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Hungarian Prime Minister Viktor Orban's cabinet will discuss fuel prices again on Wednesday despite a recent fall in prices driven by government pressure on traders to align prices with levels elsewhere in the region, the economy minister said. Orban's government scrapped a fuel price cap in December 2022 after a lack of imports and panic buying led to shortages, but earlier this year raised the possibility of another intervention if fuel prices exceed the central European average. Shares in Hungarian energy group MOL have fallen about 1% since the government first floated the idea of a fuel market intervention last month, underperforming the Budapest benchmark index, which scaled record highs this week.
Ratings had been struggling for a while.