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.
The 10 Most Compelling Forerunners in Innovation- NAFFIC, AWARE claim first China-EU DPP for textiles
- Geminid shooting stars: One of 2025's most exciting meteor showers begins tonight
- The Land Rover Freelander Is Back—But It’s No Longer a Land Rover
- Excelling at Discussion: Genuine Examples of overcoming adversity
- East Germany Somehow Built a Real Sports Car and It Was Wild
- American Airlines Flight Attendant Disappears Amid Layover in Colombia, Authorities Investigating
- Bismuth’s haredi draft bill won’t change enlistment, IDI expert tells 'Post'
- Israel explores creation of int'l force with Greece, Cyprus to deter Turkey
