Hungarian households pay the least for gas in Europe, authorities say

The Office found that in comparison with the 24 metropolises of the member states of the European Union and Belgrade, gas prices for households are the lowest in Budapest and amount to 2.79 eurocents per kilowatt hour.

The average price in the compared metropolises is four times higher and reaches 12.69 eurocents.

Comparing electricity prices for households in the 27 metropolises plus London and Belgrade, Budapest came out as the second cheapest, after the capital of Serbia.

Hungarian consumers paid 60 percent less than the European average.

In comparison, Prague was significantly more expensive: it also surpassed Paris and Luxembourg in the price of gas, leaving Madrid and Dublin, for example, in the price of electricity.

In Hungary, the price of electricity and natural gas paid by consumers is fixed and set by legislation. The people of Hungary are therefore protected from rising market prices.

The Hungarian government is now blocking the planned EU embargo on Russian oil imports.

Budapest, which in the past has usually been friendly to Russia within the EU, is now referring to its own energy security, which it says will not be possible without Russian oil.

He argues that without a key raw material from Russia, the Hungarian economy will not work.

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