Hungary will have a fuel tax rise next year!

Mondo International Updated on 2024-01-30

Back in early November of this year, Hernádi Zsolt, President and CEO of the Hungarian Gasoline Group (MOL), spoke about the established fact: from January 1, 2024, with the increase in taxes and fees, fuel is "ironclad".

For years, Hungary risked infringement lawsuits by setting the level of excise duty below the EU level – according to the EU minimum requirement: 0. per liter of petrol taxEUR 359; Diesel fuel is taxed at 0EUR 33. If the EU member states do not pay in euros, the excise tax expressed in the given currency must be adjusted to this level. However, if the currency of a particular country weakens against the euro (e.g. Hungary), the consumption tax denominated in forints may be lower than the tax burden in euro terms.

Currently, the excise tax in Hungary is HUF 120 per liter of petrol and 110 per liter of dieselHUF 35, at the current exchange rate of HUF 381, means that the gasoline tax is only 0314 euros and a diesel tax of 0At €289, the weakening of the forint caused the Hungarian excise tax to fall below the lowest level in the union. From January 1, 2024, the gasoline tax rate in Hungary will be adjusted to 152 per literHUF 55 (50 if Brant*** is less than $157.)HUF 55), the rate of diesel fuel is adjusted to 142 per literHUF 9 (50 or 152 if Brant*** is under $152.)9 HUF).

With the increase in taxes and fees, it is expected that from January 1, 2024, domestic petrol stations in Hungary will be **.

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