Hungary to tweak price formula imposed on fuel traders, PM Orban says

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Hungary's government has decided to tweak a formula imposed on fuel traders to curb prices, excluding some central European countries from the basis of comparison, Prime Minister Viktor Orban told public radio on Friday. Orban's government said last week it was giving fuel traders two weeks to adjust their prices to the central European average, as part of a wider government price-setting intervention following last year's inflation surge. However, in an apparent step back from the pressure applied on fuel traders, Orban said the government was now focused on bringing prices in line with those in neighbouring countries, excluding Poland, the Czech Republic and Bulgaria.
 
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