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
Environmental groups urge Germany to cut oil and gas dependence - 2Slims down for Maintainable Weight reduction
- 3Figure out How to Streamline Your Profits in Gold Speculation
- 4Explora Journeys becomes latest cruise line to be impacted by Middle East war
- 5Bayer sues COVID vaccine makers over mRNA technology
- Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
- Traveling Alone: An Excursion of Self-Disclosure
- Pick Your Favored kind of soup
- 25 Years Ago, Audi's Rosemeyer Concept Was A Steampunk Supercar With A Massive Engine
- Voting begins in Uganda’s presidential election during internet shutdown and polling station delays
- Want to be better about saving money in 2026? Try these money-saving tips for having a ‘low-buy’ January and beyond
- Eight wounded, cars catch fire in central Israel following strike from Iranian cluster munition
- Nvidia Share Price Could Be Hit Hard By Iran War
- Fuel Price Spike Drives Surge in Used EV Sales in Europe
