MOL Chairman Hernádi added that he expects the lifting of the price cap to have an almost instant effect, with consumers seeing stability of supply return in a month.

In order to help ensure supply, Hungary has decided to restrict eligibility for price-capped fuel and will release a fourth of its strategic oil reserves.

Fuel prices soar across the West and there is no end in sight yet. As the patience of the people toward their helpless governments starts to run dry, there seems to be only one outlier – Hungary.