- 25 Mar 2010 11:00 AM
According to previous reports, retail gas prices were to rise 15-16% on April 1, based on the recommendation by the Hungarian Energy Office.
Prices are based on a complicated formula that includes many variables, with the dollar/forint exchange rate and gas purchase prices being important factors.
The latest modification in the formula, which observers see as politically motivated, entails changing a multiplier in the purchase and sale price of gas in stock by gas traders. This will help keep the gas price increase below 10% in the short term, but may lead to a steeper rise in the longer run."
Source: Hungary Around the Clock.
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