Hungary stated that Ukraine’s increase in the transit fee goes “against all guidelines and recommendations.”
In August, annual inflation in Hungary slowed to 16.4% from over 25% in the first quarter, but was higher than expected / photo ua.depositphotos.com
Hungary placed the responsibility for high inflation in the country on Ukraine, which increased the fee for the transit of Russian oil through the Druzhba pipeline.
Ukraine’s increase in fees for the transit of Russian oil to Hungary led to an increase in fuel prices, which added 0.5% to inflation in the country. Such a statement was made by Prime Minister Viktor Orbán’s chief of staff Gergely Guiyash, while noting that the increase in the transit fee goes “against all guidelines and recommendations”, reports Reuters.
“There are some alarming signs, which are mainly related to the higher than before fuel prices. The main reason for this is that we have to import fuel more expensively through the pipeline through the territory of Ukraine. The increase in the transit tariff contradicts all criteria and recommendations.” – he declared.
In August, annual inflation in Hungary slowed to 16.4% from more than 25% in the first quarter, but was higher than expected. Real wages in Hungary have fallen this year, despite significant wage increases.
Hungary expects inflation to fall to single digits by the end of this year, probably in November.
Fee for the transit of Russian oil
Since June 2023, Ukraine has increased the tariffs for the transit of oil on the territory of Ukraine by 25%. The new tariffs for the transit of oil through the Druzhba oil pipeline in the direction of Slovakia and Hungary under the contract with JSC “Ukrtransnafta” amount to 17 euros per ton. The former tariff was 13.6 euros per ton.
The former norms were effective from January 1, 2023, when they were increased by 18.3%.
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