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
Figure out How to Adjust Your Handshake to Various Societies- New subclade K flu strain raises concerns: What families should know
- Flu cases skyrocket in US. See cases, where people got sick.
- Step by step instructions to Think about Disc Rates Across Various Banks
- Uranus's small moons are dark, red, and water-poor
- Katz alleges Army Radio workers misled High Court in bid to halt closure
- Who is Artemis? Meet the Greek goddess who inspired NASA's return to the moon
- ‘Extraordinary’ Iron Age war trumpet uncovered in England
- Chicago reports first rabies-positive dog in 61 years. What we know.
