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
'Senseless violence' erupts at Christmas tree lighting; 4 injured - 2Does physics say that free will doesn't exist?
- 3Volunteers aiding humpback whale stranded in Baltic get death threats
- 4You finally got a doctor's appointment. Here's how to get the most out of it
- 5Toyota Just Electrified a Pickup Legend, but It Won’t Be Cheap
- Step by step instructions to Appropriately Keep up with Your Sunlight powered chargers for Most extreme Productivity
- Allow Innovative Progressions To have a Massive Effect
- The Solution to Ecological Protection: Saving Nature for People in the future
- 3 Must-Change Settings for iPhone Clients: Safeguard Yourself !
- Vinicultural Investigation: A Survey of \Enjoying Fine Vintages\ Wine sampling
- Hezbollah sees potential win as Israel backs down from disarmament goal
- Germany's Bundestag extends two armed forces missions abroad
- Kiefer Sutherland arrested after allegedly assaulting a ride-share driver in L.A.
- Top notch Feasting: A Manual for Worldwide Acclaimed Eateries
