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
Support Your Wellness: 20-Minute Home Exercises That Work - 2Astrophotographer captures rare footage of the Hubble Telescope crossing the sun (video)
- 3Step by step instructions to Appropriately Keep up with Your Sunlight powered chargers for Most extreme Productivity
- 42024 Moving Styles for Kitchen Redesigns
- 5What's going around right now? COVID, flu, stomach bug on the rise
- Opening Achievement: 8 Methodologies for Compelling Using time productively
- Iran slams UN nuclear watchdog for failing to condemn Bushehr attacks
- Exploring Programming Greatness: A Survey of \Easy to use Connection points\
- Figure out How to Forestall Tooth Staining
- How Would You Like to Deal with Your Funds?
- Rescuers attempt to dig free whale stranded on Germany's Baltic coast
- NASA wants to build a base on the Moon by the 2030s – how and why it plans to build up to a long-term lunar presence
- I work with companies to confront addiction in the workplace. The hidden crisis is costing corporate America millions.
- 6 Famous Cell phone Brands All over The Planet
