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
Ten Awesome Authentic Realities That Will Leave You Interested - 2'Stranger Things' star debunks claims of 'unseen footage' from Season 5, Volume 2 as backlash intensifies ahead of the series finale
- 3Insight: Pills, TikTok, weight-loss apps and the consumer-driven future of GLP-1s
- 4Manual for Mountain Objections on the planet
- 5The Most Important Crossroads in Olympic History
- IDF begins destroying homes used by Hezbollah as forces move deeper into southern Lebanon
- Brazil's Bolsonaro to continue his sentence at home because of poor health
- Instructions to Amplify Certifiable Experience While Chasing after an Internet Advertising Degree
- Israel launches new wave of attacks against Hezbollah in Beirut
- The Tradition of Stone: A Gander at Notable Structures Through the Ages
- 4 Coolers for Present day Kitchens
- An Investigate of 6 Creative Specialty Mixed drinks
- 21 Incredibly Entertaining Contemplations To Observe Consistently
- Benin coup thwarted by loyalist troops, president tells nation
