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
Tzrifin base exhibition reveals Hamas and Hezbollah arms, showing structure behind attacks - 2Must-Have Cooking Machine in Your Kitchen
- 3Brexit's Effect on New York's Ascent as a Main Monetary Center
- 4An Extended time of Self-Reflection: Self-awareness through Journaling
- 5Italy Brings In New Measures In 2026 To Tackle Overtourism
- One spent $20 on candy. Another paid $700 for a custom costume. Here's how Halloween costs stacked up this year.
- 'Wow!' The eye surgery marathon that restored sight for some South Africans
- Countdown to Artemis II: What to know about NASA's moon mission
- Nigeria’s return to Windsor castle signals new era in UK economic partnership
- Chinese fossils reveal a primordial burst of animal evolution
- Savvy Cleaning: The 6 Robot Vacuums of 2024
- Second doctor in Matthew Perry overdose case sentenced to home confinement
- What causes RFK Jr.’s strained and shaky voice? A neurologist explains this little-known disorder
- Hitting the brakes: Hubble Space Telescope watches doomed comet reverse its spin
