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Reuters
Reuters
Business
By Gergely Szakacs and Anita Komuves

Hungary orders export ban on fuels, curbs utility price caps

FILE PHOTO: Hungarian Prime Minister Viktor Orban walks at a main meeting room ahead of European Union leaders summit in Brussels, Belgium June 23, 2022. REUTERS/Johanna Geron

Hungarian Prime Minister Viktor Orban's government has ordered an export ban on fuels like gas and scrapped a years-long cap on utility prices for higher-usage households, a senior aide said on Wednesday.

The measures, which also include a plan to boost domestic gas output to 2 billion cubic metres from 1.5 billion, will take effect from August to ensure the continued supply of energy in winter, Orban's chief of staff Gergely Gulyas said.

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