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
Flourishing as a Charitable Pioneer: Individual Encounters in Generosity - 2Figuring out the Justification for Separation: To blame and No-Shortcoming
- 3IDF carried out mission to locate former hostage Avera Mengistu a day before Oct. 7
- 4Sophie Kinsella, 'Confessions of a Shopaholic' author, dies at 55 after battle with cancer
- 54 Famous Gaming PCs of 2024: Execution, Versatility, and Advancement
- We may be witnessing the messy death of a star in real time
- UN chief calls on Yemen's Houthi rebels to free all UN detainees
- Egypt's cafés and shops forced to close early due to Iran war
- OECD: Iran war dampening global growth
- Exploring the Gig Economy: Examples from Consultants
- Where America’s CO2 emissions come from – what you need to know, in charts
- A24's 'Backrooms' trailer shows endless fluorescent-lit spaces and terrifying mannequins melting into the floor
- Thousands of genomes reveal the wild wolf genes in most dogs’ DNA
- Find the Force of The ability to understand anyone on a deeper level: Improving Mindfulness and Connections
