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
Federal judge upholds Hawaii's new climate change tax on cruise passengers - 2Step by step instructions to Boost the Eco-friendliness of Your Smash 1500.
- 3France to build new nuclear aircraft carrier, Macron says
- 4Katz alleges Army Radio workers misled High Court in bid to halt closure
- 5'People We Meet on Vacation' is the 1st of many Emily Henry adaptations: What other books turned movies to look forward to
- Check out the exclusive pitch deck Valerie Health used to raise $30 million from Redpoint Ventures to automate healthcare faxes
- Find Exemplary Scents: An Extensive Aide
- The Most recent Microsoft Surface Star PC: Ideal for Top of the line Planning and Gaming Needs
- A single shot of HPV vaccine may be enough to fight cervical cancer, study finds
- What to know about cheese voluntarily recalled in 20 states
- Greenland’s melting ice and landslide-prone fjords make the oil and minerals Trump is eyeing dangerous to extract
- EU waters down plans to end new petrol and diesel car sales by 2035
- Rescuers attempt to dig free whale stranded on Germany's Baltic coast
- Yoshi mania, Happy Meals and not-so-great reviews: A small talk guide to 'The Super Mario Galaxy Movie'
