Czech Finance Ministry to publish daily fuel price caps

On Tuesday the Czech Ministry of Finance will start the parctice of publishing maximum fuel prices for the following day.  The move is part of a package approved by the government last week in response to high fuel costs.

The excise duty on diesel will be cut by 2.35 CZK per litre, from the current 9.95 CZK, while the tax on petrol will remain unchanged at 12.84 CZK per litre.

Diesel prices in the Czech Republic have climbed to their highest level in more than four years, while petrol has reached a near three-and-a-half-year peak, according to data from CCS, which monitors fuel prices.

Over the past week, the price of the most widely sold petrol, Natural 95, rose on average by 14 hellers to 41.63 crowns per litre. Diesel saw a sharper increase, gaining 34 hellers to 48.39 crowns per litre.