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
10 Asian Countries Perfect for Solo Female Travelers - 2This St Nick Truly Can Advise How To Drink And Hack Your Headache
- 3An Extended period of Voyaging Carefully: the World with Reason
- 4Netflix’s Price Hikes Just Got Rejected by an Italian Court. Here’s Why It Matters Everywhere
- 5Vote In favor of Your #1 sort of film
- David Duchovny's new thriller has him stripping down at 65. But its chilling premise hits close to home.
- How to watch ‘The Traitors’ U.K. Season 4 premiere today from the U.S.
- 1st human missions to Mars should hunt for signs of life, report says
- The most effective method to Pick A Trade-in vehicle Stage
- Vote In favor of Your Favored Treat
- Aluminum salts emerge as likely target as health officials scrutinize childhood vaccines
- The Iran war’s energy security legacy
- Sea level doesn’t rise at the same rate everywhere – we mapped where Antarctica’s ice melt would have the biggest impact
- Scientist turns people’s mental images into text using ‘mind-captioning’ technology
