BUDAPEST – Hungarian power firm MOL warned of potential gas provide issues except there are measures to assist imports, state information company MTI reported on Friday, citing Zsolt Hernadi, MOL‘s govt chairman.
Hernadi spoke after assembly two authorities ministers and simply earlier than a authorities press convention scheduled for Saturday. The subject of the briefing has not but been introduced.
If Hungary’s gas value cap stays in place in its present kind, there will likely be no imported gas arriving in Hungary, Hernadi mentioned.
The restrict on costs was launched final November and set the retail value for each 95-octane gasoline and diesel at 480 forints ($1.21) a litre.
Prime Minister Viktor Orban’s authorities launched the cap, now set to run till October, to defend shoppers from inflation now at its highest stage in 20 years.
Hernadi mentioned the query of imports was necessary as a result of MOL‘s Danube refinery was unable to supply sufficient diesel to fulfil demand within the nation even underneath regular circumstances, and it will likely be shut down for a scheduled upkeep on Monday.
“This step can't be delayed any additional,” he mentioned.
This will likely be one of many largest scale upkeep initiatives of the Danube refinery in its historical past and MOL will do its greatest to make up the loss in output, the corporate’s managing director Peter Ratatics mentioned in an interview on Wednesday.
MOL, which owns the biggest community of service stations within the nation, has beforehand known as for the gas value cap to be phased out.
Final month, MOL introduced passenger automobile drivers in Hungary could be restricted to purchasing 50 litres of gas a day at gas stations, halving the earlier restrict.
($1 = 396.0500 forints)
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