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
Protester climbs on to balcony of Iranian embassy in London - 212 Once-In-A-Lifetime Travel Experiences To Add to Your Bucket List
- 3What you need to know about flu treatments as cases spike across the US
- 4False fuel prices in fabricated graphics circulate in Malaysia as Iran war continues
- 5Bronze Age "City of Seven Ravines" unearthed in central Asia after 3,500 years
- PHOTO ESSAY: Scientists trying to unravel one of the body's biggest mysteries
- Mali and Canadian miner Barrick agree to resolve tax dispute, ending 2-year standoff
- NASA releases stunning new images captured by the Artemis II moon mission, including 'Earthset' and a solar eclipse from space
- Illegal entries into Germany halve over two years, border police say
- Astronauts beam home Christmas wishes from International Space Station: 'I think we may be orbiting a little higher than Santa' (video)
- Yemen's Houthis ready to join Iran war if needed, raising new shipping risk
- Noctourism: the new safari travel trend that's changing the wildlife we can photograph in Africa
- Get To Be familiar with The Historical backdrop Of Western Medication
- German police 'cleared path for fascists with batons,' protesters say
