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
The Solution to Innovative Peculiarity: Analyzing the Fate of Mankind - 27 Powerful Techniques to Boost Efficiency with Your Cell Phone: A Far reaching Guide
- 3Tatiana Schlossberg, a granddaughter of JFK, is dead at 35 after cancer diagnosis
- 4The Best Music Collections of the 10 years
- 5Find the Specialty of Calligraphy: Dominating the Exquisite Art of Penmanship
- Katz alleges Army Radio workers misled High Court in bid to halt closure
- The most effective method to Promoter for Cutthroat Medical attendant Compensations in Your Medical services Office
- 'The Beast in Me' arrives on Netflix: Is it based on a true story? And what drew Claire Danes to it? What to know about the thriller series.
- Doctored NXT Summit footage falsely portrays Modi as declaring war on Iran and Pakistan
- Instructions to Distinguish the Wellbeing Dangers Related with 5G Pinnacles
- Genome study reveals milestone in history of cat domestication
- 25 of the world’s best sandwiches
- Hezbollah sees potential win as Israel backs down from disarmament goal
- Red Crescent: More than 100,000 civilian structures damaged in Iran
