Hungarian petrol car owners can breathe a sigh of relief, but tough times await diesel drivers

At the end of October, fuel prices in Hungary began to fluctuate after a period of stability. Diesel prices initially rose and then slightly decreased, while gasoline prices consistently dropped. As of November 10, the average price of diesel was 717 HUF per liter and gasoline was 606 HUF. These changes are primarily driven by international factors, including the U.S. midterm elections and negotiations with Iran, which have led to a decrease in global crude oil prices. The International Energy Agency reports that global supply and demand are nearing equilibrium, with demand expected to be 0.7% lower in 2027 compared to 2025. Notably, the price of Brent crude oil fell below $90 per barrel on November 10, after remaining above $100 for much of September and October. Additionally, there is a significant price disparity in Hungary, with diesel costing 110 HUF more per liter than gasoline, an unusual difference.