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
Blue Origin's next space tourism flight will break new ground for people with disabilities - 2Japan deploys the military to counter a surge in bear attacks
- 3Why is Jerome Powell being investigated? Making sense of the DOJ's probe into the Federal Reserve chair.
- 4CDC vaccine panel delays vote to stop recommending hepatitis B shot at birth
- 5Boats escort freed whale away from shallow waters off German coast
- Germany expresses 'great concern' over Israel's new death penalty law
- The most effective method to Alter Your Savvy Bed for A definitive Rest Insight
- What were the little white pills found in Tiger Woods's pocket at the scene of his crash? What to know about hydrocodone.
- Mali and Canadian miner Barrick agree to resolve tax dispute, ending 2-year standoff
- Chemical leak in Oklahoma forces evacuations and leaves many ill
- Death toll from floods in Afghanistan rises to 61
- Toilet rats? Washington health officials warn of possible rodents in sewer systems after floods
- Pick Your #1 Kind Of Bread
- Smoking rate among US adults drops to record low as vape use rises, CDC report finds
