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
Eli Lilly to build $6 billion Alabama plant as part of US manufacturing push - 2Heart disease risk greater for women with a common condition they may not be aware they have
- 3Figure out How to Put resources into Lab Precious stones
- 4JW Marriott Tokyo: an elegant retreat amid whirlwind of the city
- 5Israeli archaeologists launch project to trace origins of ancient pottery
- Europe’s EV Boom Was Real in 2025. The Real Fight Starts In 2026
- How Mars 'punches above its weight' to influence Earth's climate
- More parents refusing vitamin K shots for newborns, study finds
- Israeli naval intelligence reduces Iranian threat to Strait of Hormuz
- Go on A Careful spending plan: Modest Objections for Your List of must-dos
- 6 Web-based Lawful Administrations: Extensive Surveys and Elements
- Figure out how to Separate Among Fledgling and Master Fender bender Legal counselors
- Drenched in Pixels: A Survey of \Vivid Interactivity Experience\ Game
- Hezbollah uses ambulances, paramedic uniforms, as disguise for terrorist activity, IDF says
