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
7 Straightforward Moves toward Move Information from Your Old Cell phone to Your New One: A Thorough Aide - 2India's top court hears challenges to ruling on women's entry into temple
- 3Tech for Wellbeing: Applications and Devices for a Better You
- 4What’s your chronotype? Knowing whether you’re a night owl or an early bird could help you do better on tests and avoid scams
- 5Moderna to complete US mRNA manufacturing network with $140 million investment
- Find the Effect of Web-based Entertainment on Psychological wellness: Exploring the Advanced Scene Securely
- 19 Strange Motion pictures You Shouldn't Watch With Your Mum
- One perk to marrying Richard Marx later in life? 'We don't have time' for stupid arguments, says Daisy Fuentes.
- Instructions to Warmly greet Discretion and Thoughtfulness
- Vote in favor of the wide open action that revives your brain and soul!
- Find the Wonders of the Silk Street: Following the Antiquated Shipping lanes
- Bolsonaro says hallucinatory effects of meds made him tamper with ankle tag
- FDA claims on COVID-19 vaccine safety are unsupported by reliable data – and could severely hinder vaccine access
- Mali and Canadian miner Barrick agree to resolve tax dispute, ending 2-year standoff
