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
Jubilant FoodWorks to scrap Dunkin’ franchise arrangement in India - 2AI is making spacecraft propulsion more efficient – and could even lead to nuclear-powered rockets
- 3Israeli strikes on Beirut, as Hezbollah and Iran attack Israel
- 4Style Narratives: A Survey of \Patterns and Styles Assessed\ Design
- 5IDF bans Android phones for senior officers, iPhones now mandatory, Army Radio reports
- Nature's Treats: 10 Organic products That Lift Prosperity
- Israeli strike on Gaza City vehicle kills at least four, report says
- 21 Things You Ought to Never Share with Your Childless Companion
- Artemis II's moonbound toilet is working again to astronauts' relief after overnight fix
- Eleven arrested over mass shooting in South Africa tavern
- Oil magnate’s Venezuela detainment spooks industry
- Former 'Bachelorette' welcomes 1st baby via emergency c-section
- Struggling to keep your New Year's resolutions? Here's how to keep yourself on track
- Doctors seek to understand why quitting antidepressants causes withdrawal for some
