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
Family-Accommodating Snow Sports Experiences - 2SpaceX's 1st 'Version 3' Super Heavy Starship booster buckles under pressure during initial tests
- 3What an expert on the gut microbiome eats in a day
- 4Giude to Best Web based Learning Stage
- 5Research highlights potential dangers of ultra-processed foods for women under 50 regarding precancerous polyps
- Flu is rising rapidly, driven by a new variant. Here's what to know
- Medical team successfully delivers baby and removes massive tumor
- Novo and Lilly cut prices of weight-loss drugs in China
- Get To Be familiar with The Historical backdrop Of Western Medication
- Israel has clear objectives south of Litani River, but will face difficult choices further north
- Manual for 6 Busssiness Class Flights
- Figure out How to Get a good deal on Your Rooftop Substitution Venture
- Extreme Manual for Picking a Camper Van
- Blake Lively's sexual harassment claims against Justin Baldoni dismissed. Where the case stands now.
