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
Extremely Rare Snub-Nosed Monkey Was Just Born for the First Time Outside of Asia - 2Style Narratives: A Survey of \Patterns and Styles Assessed\ Design
- 35 Great High-Mileage Electric Vehicles Of 2024
- 4The Iran war’s energy security legacy
- 5Ukraine's naval drones are gunning for Russia's 'shadow fleet.' A security source says a tanker just suffered a critical hit.
- The Best 15 Applications for Efficiency and Association
- Newly identified species of Tanzanian tree toad leapfrog the tadpole stage and give birth to toadlets
- BravoCon 2025: How to watch, full schedule and lineup, where to stream free and more
- Rick Steves Recommends This German Town's Castle Hotel With Rhine River Views
- Dominating Capable Mastercard Utilization: Key Contemplations
- We analyzed Philly street scenes and identified signs of gentrification using machine learning trained on longtime residents’ observations
- New images reveal interstellar comet 3I/ATLAS approaching Earth
- How federal officials talk about health is shifting in troubling ways – and that change makes me worried for my autistic child
- 12 Once-In-A-Lifetime Travel Experiences To Add to Your Bucket List
