The Hungarian government will siphon off almost all profits from cheaper crude oil imported from Russia starting Thursday, a decree said, a day after Prime Minister Viktor Orban’s cabinet scrapped a cap on retail fuel prices due to supply shortages.
Lower crude oil imports via the Druzhba oil pipeline from Russia, extended maintenance work at oil group MOL’s Danube refinery and rising fuel demand forced Orban to drop the one-year cap just before the start of the…
