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.
As tetanus vaccination rates decline, doctors worry about rising case numbers- MEPs urge Commission leaders to stop Russia from returning to the Venice Biennale
- Industrial zone damaged in Negev, falls in Sharon area after Iran fires missiles towards Israel
- Members of Kenya-led security mission in Haiti were involved in rapes, U.N. says
- What we know about Renee Nicole Good, the woman who was killed by an ICE officer in Minneapolis
- Israeli strikes on Beirut, as Hezbollah and Iran attack Israel
- Mating injuries may lead scientists to identify dinosaurs’ sex
- Countdown begins for long-awaited Artemis II moon mission
- Fossil analysis changes what paleontologists know about how long T. rex took to grow full size
