Czech Republic caps fuel prices

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.

Dense network of petrol stations

The Czech Republic has a dense network of petrol stations. The largest operators are the Polish Orlen Group and the Hungarian company Mol. The state-owned company Cepro also operates 209 petrol stations under the Eurooil brand and 75 under the Robin Oil brand. Due to the comparatively low fuel prices, many drivers from the German border region have recently been crossing the border to fill up their tanks. However, customs, tax and dangerous goods legislation must be observed.