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
The Solution to Defeating Tarrying: Systems for Expanded Efficiency - 2Miss 'Stranger Things' already? Here's how you can get your Upside Down fix in 2026 with spinoffs, games and more
- 3FDA adds strongest warning to Sarepta gene therapy linked to 2 patient deaths
- 4What we know about Jonathan Ross, the ICE agent who shot and killed Renee Nicole Good in Minneapolis
- 5Step by step instructions to Pick an Incineration Urn: Variables to Consider
- Trump administration launches new immigration crackdowns in New Orleans and Minneapolis. Here are all the cities it has targeted so far.
- Longtime United Launch Alliance CEO Tory Bruno resigns from space company. 'Finished the mission I came to do.'
- 6 Famous Cell phone Brands All over The Planet
- 4 Masked Men Steal Renoir, Matisse and Cézanne Paintings Worth Over $10 Million in 3-Minute Heist
- The most effective method to Integrate Compact disc Rates into Your Retirement Arranging
- Wait, it's 'Harry Potter and the Philosopher's Stone'? Why the new HBO series name is significant to Americans
- 6 Asian Urban areas to Visit
- David Duchovny's new thriller has him stripping down at 65. But its chilling premise hits close to home.
- Famous Rough terrain Vehicles for 2024
