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
Hamas delegation meets Egypt’s spy chief amid mutual ceasefire violation claims - 2Over 250,000 cases of shredded cheese recalled over possible metal fragments
- 3Tablets: Upgrade Your Understanding Experience
- 4AstraZeneca to acquire Modella AI to speed oncology drug research
- 5What are the health benefits of whole milk for kids?
- Qatar LNG Ships U-Turn After Attempt to Pass Through Hormuz
- Compassion and Association: Building Significant Connections
- Oprah Winfrey's Favorite Wellness Destination Is A Luxurious Italian Retreat
- Discovering a sense of harmony: Individual Accounts of Reflection and Care
- First foreign troop in new gang suppression force lands in Haiti to replace previous mission
- Northern lights chances rise for Christmas as space weather remains unsettled
- 2 ways you can conserve the water used to make your food
- New COVID-19 variant 'Cicada' is spreading. What to know about BA.3.2.
- Iran executes two men who tried storming military facility during January protest crackdown
