Fuel price caps for road passenger and freight transport too!

The Hungarian transport sector faced an unprecedented challenge when the government abolished the “price cap” overnight! The new rules do not protect Hungarian hauliers!

Now should be the time for united action by the haulage sector. “According to the latest news, the MNB expects inflation to reach 7%: in the short term, war is the bigger risk, in the medium term inflation is the bigger risk, so price stability must be the priority. The hardest part is not seeing the end of it. Experts say that the price rise has not stopped yet.”

In their letter, the stakeholders pointed out that while the agricultural sector is protected, road passenger and freight transport companies have limited access to gas oil in Hungary at market prices. The protection of Hungarian families and businesses must be extended without delay to road passenger and freight transport companies, which employ some 130,000 workers. Without this, not only will the livelihoods of the families who depend on them be at risk, but the entire supply chain could also face serious disruption.

Inflation and the war in Ukraine are having a combined impact on prices, and a 20% price increase would be needed to stay afloat! In passenger transport we have long term contracts which include fuel price tracking, but they do not track prices at this pace and are fixed to an exact price, the price of diesel as reported by the NAV! However, the NAV price of gas oil is the “price cap” price, whereas in reality, we know very well that we can get gas oil at a much higher price! So our priority now is to communicate successfully with our partners! It would help us a lot if we could have a “price cap” price for gas oil on the NAV website as soon as possible!