Coface: what to expect on the Hungarian fuel market?
European countries have already faced rising inflation, but prices may get another boost – according to the analysis of the credit insurance company Coface, in which the development of raw materials, including oil and fuel markets, was examined by the company’s regional expert. In Hungary, fuel consumption has recovered after the epidemic, further expansion is expected in the future, but this growth is surrounded by risks.

A régió elhanyagolható mennyiségű gázt és kőolajat termel
The acceleration of inflation and the parallel energy crisis brought fundamental changes to the international, including European, markets. For this reason, the raw material, oil and fuel markets have also come into focus, and these are pushing prices up even more. The vast majority of raw materials are denominated in dollars, and the strengthening of the American currency further increases the bill of raw material importing countries. This is especially true for European countries: the extremely weak euro, as well as the weakness of the currencies of countries outside the euro zone, raised the price per barrel of Brent oil – compared to the levels recorded for the oil price increases in 2008 and 2021 – by 30 percent higher, the analysis shows.
Coface
Related news
The interest rate saga is over: banks compete for savings with promotions
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >This is what will entice Hungarian buyers to buy in September
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >A unique program is launched for the mental and physical health of teenagers
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
OKSZ: retail burdens are hindering the recovery of consumer confidence
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Retail sales also increased in July, although a decline is visible on a monthly basis
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >NGM is satisfied with the increase in retail turnover
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >