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
I visited the largest collection of public telescopes in the US in Oregon's high desert, and the dark skies blew me away - 2Volkswagen in talks with defence firms on use of Germany plant: CEO
- 3Kiev declares energy emergency after Russian attacks amid winter cold
- 4Bombardier Global 8000 Enters Service
- 5Which salad do you believe is a definitive group pleaser? Vote!
- I’m a dad to an autistic child. Here’s how you can make the holidays easier for all of us.
- Support Your Wellness: 20-Minute Home Exercises That Work
- Polls open in tense Uganda election amid widespread delays
- Putin, Netanyahu discuss Middle East in phone call, Kremlin says
- Elanco's drug gets emergency nod to treat deadly flesh-eating parasite in cats
- Christmas 2025 skywatching guide: What you can see in the night sky on Dec. 25
- Indian rocket launches record-breaking BlueBird 6 smartphone satellite to orbit (video)
- Crypto Investor’s Family Tied Up and Beaten by Armed Gangs in Their Home
- At 72, Kathie Lee Gifford says aging isn’t what she expected. 'The golden years? It’s a lie.’
