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
Federal judge upholds Hawaii's new climate change tax on cruise passengers - 24 Coolers for Present day Kitchens
- 3Craig the beer-ambassador elephant dies aged 54
- 4First Greenland, now Iceland? Annexation joke by Trump ally gets frosty response in the Arctic nation.
- 5Poland identifies two Ukrainian suspects in railway sabotage blast
- As tetanus vaccination rates decline, doctors worry about rising case numbers
- ACA subsidies latest: Making sense of what's happening with health care after Republicans revolt, forcing a vote on funding extension
- Parents search for children missing since a volcanic eruption in Colombia 40 years ago
- Arctic is again the hottest it's been in 125 years, with record-low sea ice, NOAA report says
- EU delegation urges China to tighten export controls
- Astronomers spot white dwarf star creating a colorful shockwave
- Vaccine committee votes to scrap universal hepatitis B shots for newborns despite outcry from children’s health experts
- Canada's Serene Lakeside Mountain Village Is A Breathtaking Oasis For Outdoor Adventure
- Vote In favor of Your Number one Cell phones
