"Hungarian fuels group MOL will cut the price of gasoline and diesel by HUF 4 and HUF 2 per litre, respectively on Wednesday, Portfolio.hu has learned on Monday. The company’s move is no surprise, considering the drop in fuel rates over the past week.MOL will lower the gross wholesale list price of both gasoline and diesel by HUF 4 and HUF 2 per litre, respectively on Wednesday (16 December). As a result retailers will pay HUF 276.7 per litre for gasoline and HUF 262.4 per litre for diesel based on MOL list prices.
Although each petrol station has its own pricing model, drivers should expect to pay about HUF 4-2 less per litre for both fuel types at the pumps.
MOL's move comes as no surprise, considering that gasoline rates decreased by 8.5% in USD and 5.9% in HUF last week (by the end of Friday) and diesel rates dipped by 8.2% and 5.5%.
The HUF 4-2 price cut is not negligible per se, as MOL has not altered its prices over the past two weeks."
Source: Portfolio Online Financial Journal
15.12.2009