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
This ‘CSI: Miami’ star spent years solving crimes on TV. Then she became the target of one herself. - 2Netflix Faces Wider Fallout After Italy Court Orders Refunds, Price Cuts
- 3The ‘Stranger Things’ finale, explained: What happens to Vecna? And why was a key character’s fate left unknown?
- 4The most effective method to Oversee Unsold SUVs in the Car Business
- 5Which Film Has the Incomparable Melodic Score?
- Deaths reported in Lebanon as Israel and Hezbollah exchange attacks
- Audits of 6 American Busssiness Class Flights
- Focus on Yourself: Wellbeing and Taking care of oneself Practices
- Israel strikes south Lebanon after first direct talks in decades
- Ukraine demands army of 800,000 under peace plan
- Polish law aimed at lowering petrol prices takes effect on Tuesday
- The Universe of Impeccable Pearls: A Manual for Valuable Gems
- Game theory explains why reasonable parents make vaccine choices that fuel outbreaks
- The Main 20 Photography Instagram Records to Follow
