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
Christopher Nolan's 'The Odyssey' trailer: See Anne Hathaway, Matt Damon and Tom Holland in 1st look at movie - 2This Week In Space podcast: Episode 189 — Privatizing Orbit
- 3The 10 Most Significant Games in History
- 4Interstellar comet 3I/ATLAS will fly by Earth Friday. Here are the latest images
- 5Is Iran using cryptocurrencies to circumvent sanctions?
- What's changing about healthcare in 2026 — Medicare, Medicaid, ACA, premiums, and enrollment deadlines
- From invasive species tracking to water security – what’s lost with federal funding cuts at US Climate Adaptation Science Centers
- Exploring the Mind boggling Universe of Connections: Individual Bits of knowledge
- Vote in favor of Your Number one Smartwatch: Exactness and Style Matter
- Cruising Solo All over the Planet: An Excursion of Self-Disclosure
- Audits of the Top Science fiction Movies This Year
- Dominating the Art of Composing: Creator Bits of knowledge
- Here are 10 stores where you can get a free Thanksgiving turkey
- The most effective method to Pick the Right Material Organization: Fundamental Tips
