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
Raw oysters linked to ongoing salmonella outbreak infecting 64 across 22 states: CDC - 2Traveling Alone: An Excursion of Self-Disclosure
- 3Monetary Strengthening: Assuming Command over Your Cash
- 4Make Your Fantasy Closet: 10 Immortal Design Fundamentals
- 5Vote In favor of Your Favored Occasion Arranging Administration
- Iran plans new restrictions in overhaul of Strait of Hormuz rules
- The beauty advent calendar boom is here. Sephora kids are all in.
- New subclade K flu strain raises concerns: What families should know
- Ukraine's new defense minister just outlined how dire its troop shortage has become
- Figure out How to Recognize the Right Areas for 5G Pinnacles\
- Vote In favor of Your Favored Kind Of Organic product
- Turkey key underlying issue as Israel, Greece, Cyprus hold summit
- Scaling New Levels: Rock Climbing Spots On the planet
- Haunting Giant Squid Surfaces in Japan and Devours Its Prey (Video)
