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
Excelling at Cash The board: A Manual for Monetary Essentials - 25 Cell phones of the Year
- 3Coalition led by Iraqi PM al-Sudani wins parliamentary elections
- 4Winter virus season so far is not too bad, but doctors worry about suffering to come
- 5Five held on suspicion of planning attack on German Christmas market
- Watch South Korean startup Innospace attempt its 1st-ever orbital launch today
- Radiated Tortoise Faces Rapid Decline in Madagascar
- Vote in favor of Your #1 Climbing boots Now
- Wedding Guest Outraged That Bride and Groom, Who Are in Their 60s and Have Both Been Married Before, Registered for Gifts
- Grasping the Qualifications Among Separation and Dissolution
- Changes to CDC website spark debate over autism and vaccine misinformation
- Vacuum Cleaners That Are Not difficult To Use For Home
- Eco-Accommodating Kitchen Machines: 4 Picks for a Manageable Home
- Nations for Youngsters to Visit
