In view of rising fuel prices, the Hungarian government has officially set the maximum price for gasoline.
A liter of super (95 octane) and a liter of diesel may cost a maximum of 480 forints (1.33 euros) each from November 15th.
Chancellery Minister Gergely Gulyas announced this to journalists in Budapest on Thursday.
The regulation does not apply to other types of gasoline.
It should initially remain in force for three months.
Setback for oil stocks
At the moment, a liter of super (95 octane) in Hungary costs an average of 506 forints, a liter of diesel 512 forints.
After the announcement by the minister, the share price of the Hungarian oil company MOL on the Budapest Stock Exchange fell by four percent.