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
Investigate Business Mastercard Choices for Better Rewards and Rewards - 2Storm Goretti sweeps United Kingdom, France with winds over 120 mph
- 3Rick Steves' Newest Guidebook Is A Fresh Perspective On Italy Spilling The Country's Secrets
- 4Vial marked 'Polonium 210' sparks scare during German Easter egg hunt
- 56 Monetary Arranging Administrations for Your Necessities
- Poland Crypto Bill Clears Sejm Again, Defying President — Will “Restrictive” Rules Stick?
- Shrapnel hits across central Israel, injuring several, causing property damage
- Munich Security Conference chief defends inviting AfD lawmakers
- Is an $85 apple pie worth it? Our Thanksgiving taste test says … maybe.
- EU Commission prepares €90bn Ukraine loan despite Hungary's veto
- A Time of Careful Eating: Individual Tests in Nourishment
- Struggling to keep your New Year's resolutions? Here's how to keep yourself on track
- What to watch for as NASA’s historic Artemis II crew prepares to lift off toward the moon
- Enormous Credit And All that You Really want To Be aware
