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
Book excerpt: "Eat Your Ice Cream" by Ezekiel J. Emanuel, M.D. - 2Australia Cracks Down on Gambling Ads as Prediction Markets Like Polymarket Remain Blocked
- 3Germany's Pistorius: NATO protects Europe from Iranian missiles
- 4Anthony Joshua's driver charged over Nigeria crash that killed two
- 59 Under-The-Radar Malaysian Islands To Consider Instead Of Thailand Or Indonesia
- Energy security rifts widen in Europe
- Top Fascinating Organic products: Which One Might You Want to Attempt?
- The EU Is Considering Lifting Tariffs on Chinese Electric Vehicles
- 2023's Best 10 Cell phone Advancements You Can't Miss
- What we know about the Brown University shooting suspect who was found dead, and how police linked him to the MIT killing
- Step by step instructions to Remain Spurred While Chasing after a Web-based Degree
- Make your choice for a definitive Christmas place to get-away!
- Ageless Tastefulness: An Outline of Valuable Gemstones and Adornments
- Ads promising cosmetic surgery patients a ‘dream body’ with minimal risk get little scrutiny
