Czech motor fuel prices will be capped from Wednesday, with the cap being updated daily, the Finance Ministry announced on Tuesday, against the backdrop of the energy crisis resulting from the Iran war.
The ministry has set the initial cap on the price for petrol at 43.15 koruna ($2.04) and for diesel at 49.59 koruna.
Other measures passed by the government include limiting margins charged by fuel companies and cutting the tax on diesel.
The ministry said the aim of the measures was to curb general fuel price rises and to remove local pricing extremes. The last was seen as referring to Prague and motorway fuel stations, where the highest prices are generally charged.
The country is well served with fuel stations operated by Poland's Orlen, Hungary's MOL, and state-run Cepro under its Eurooil and Robin Oil brands.
Relatively low prices have led German drivers to cross the border to fill up.
latest_posts
- 1
January full moon wows skywatchers with a striking 'Wolf Supermoon' (photos) - 2‘Grit’ and relentless perseverance can take a toll on brain health − particularly for people facing social stresses like racism
- 3Nepal’s youngest premier sworn in after releasing new rap song about unity
- 4'The Real Housewives of Rhode Island' 1st teaser trailer unveiled: Which Bachelor Nation star is part of the cast? And when does it premiere?
- 5Coca-Cola Co. and bottlers to invest in South Africa operations
- Weight-loss pill approval set to accelerate food industry product overhauls
- Carrefour becomes first European retailer to offer shopping on ChatGPT
- The 15 Most Motivating TED Discusses All Time
- A definitive Handbook for Securities exchange Money management
- The Most Notable Design Brands of the 21st Hundred years
- Big majority in Germany call Berlin's efforts on gas prices too weak
- Watch India launch advanced military satellite on rocket's 1st flight since May 2025 failure
- Illustrations Gained from a Crosscountry Excursion
- Data centers in space: Will 2027 really be the year AI goes to orbit?
