In view of the current energy crisis caused by the Iran war, the Czech Republic is capping fuel prices at petrol stations. The Ministry of Finance in Prague has for the first time published maximum prices that will apply from Wednesday. They are 43.15 crowns (equivalent to around 1.76 euros) per liter of petrol and 49.59 crowns (2.02 euros) per liter of diesel. The targets will be updated daily.
Full package of measures
The government in Prague had decided to limit the margins of oil companies and reduce the excise duty on diesel fuel. "The aim of this package of measures is to curb the rise in general fuel prices and eliminate local price extremes," it said in justification. According to observers, this is likely to have a particular impact in the capital city of Prague and along the highways, where the highest prices are generally paid.
