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
Coca-Cola Co. and bottlers to invest in South Africa operations - 2What you need to know about flu treatments as cases spike across the US
- 3Vote in favor of Your #1 sort of pie
- 4Game theory explains why reasonable parents make vaccine choices that fuel outbreaks
- 5Instructions to Distinguish the Wellbeing Dangers Related with 5G Pinnacles
- Former 'Bachelorette' welcomes 1st baby via emergency c-section
- Pick Your #1 Kind Of Treat
- EU-funded BioSupPack project turns brewery waste into bioplastics
- Four countries to boycott Eurovision 2026 over Israel’s inclusion
- 2026 Golden Globes: How to watch, start time, TV channel, full nominee list and more
- What's A Decent FICO rating?
- Euclid space telescope sees gorgeous cosmic cloud | Space photo of the day for Nov. 18, 2025
- The Way to Business: Startup Illustrations Learned
- Track down the Ideal Weight reduction Methodology for Your Way of life
