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
Woman, 60, Is Finally Traveling the World Decades After Husband’s Death Held Her Back - 2The German series proving subtitles can be sexy — and wildly addictive
- 3Figure out how to Arrange a Fair Settlement with the Assistance of a Fender bender Legal counselor
- 4Mosquitoes carrying malaria are evolving more quickly than insecticides can kill them – researchers pinpoint how
- 5Islamic State group militants claim capture and execution of a Nigerian brigadier general
- British Columbia's Secret Lakeside Town With Hot Springs Is 'An Oasis Of Arts, Culture And Relaxation'
- 'Seditious behavior': Trump accuses Democrats who made video reminding the military not to follow illegal orders of a crime — but is it?
- ‘I love this work, but it’s killing me’: The unique toll of being a spiritual leader today
- Eight Muslim nations condemn Israel's 'dangerous' new death penalty law
- Pick Your Favored kind of books
- Study finds humans were making fire 400,000 years ago, far earlier than once thought
- Must-Sit in front of the Programs from Europe and the US
- How did Ariana Grande get her Glinda voice? I’m the man behind the magic.
- South African radio presenter among five charged over Russia recruitment plot
