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
Meet Beef the bulldog, who takes slow walks with his 78-year-old friend - 2'People We Meet on Vacation' is the 1st of many Emily Henry adaptations: What other books turned movies to look forward to
- 3Flu season is ramping up, and some experts are "pretty worried"
- 4Nearly half of reindeer have been wiped out and armadillos are in Iowa. Here’s how animals are weathering warming holidays
- 5'Everyone in this prison has had family killed or shot'
- Don't miss Jupiter shining close to the waning gibbous moon on Dec. 7
- Israel strikes Iranian nuclear development facilities, Tehran vows retaliation
- Revealing the Specialty of Food Matching: Improving Culinary Encounters
- Find Wonderful Stream Voyage Objections On the planet
- South Africa pushes for $200B investment
- Coffee Prices Finish Higher on Brazil Cop Concerns
- UPM Adhesive Materials plans new facility near New Delhi, India
- Mystery foot suggests a second early human relative lived alongside Lucy
- Vote in favor of your #1 Sort of Convenience for a Family
