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
Find the Standards of Viable Refereeing: Settling Debates with Strategy - 2Manual for 10 Scrumptious Specialty Mixed drinks
- 3Moving Wedding Objections for Paramount Functions
- 420-year-old who threatened German train attack remanded in custody
- 5She loves to give experiences. He goes for sentimental gifts. They ask an expert: What is the perfect holiday present?
- Europe picks companies to help build Argonaut moon lander
- Sun storms are powered by a magnetic engine 16 Earths deep, study finds
- How did Ariana Grande get her Glinda voice? I’m the man behind the magic.
- 21 Things You Ought to Never Tell Your Childless Companion
- Michael Jordan donates $10M to North Carolina medical center in honor of his mother
- Figure out How to Remain Persuaded During Your Internet based Degree Program
- Remains of banker missing since 1999 found on California beach by family looking for seashells
- 'The Beast in Me' arrives on Netflix: Is it based on a true story? And what drew Claire Danes to it? What to know about the thriller series.
- She just became the first wheelchair user to travel to space
