Czech government to announce measures against high fuel prices

The Czech government has prepared measures to tackle sharply rising fuel prices and will announce them after Monday’s cabinet meeting, Industry and Trade Minister Karel Havlíček (ANO) said on Sunday. He did not specify what steps the government would take. Fuel prices have risen amid the escalating conflict in the Middle East and limited refinery capacity. Natural 95 petrol averaged CZK 45.55 per litre on Thursday, while diesel cost CZK 49.13. Several neighbouring countries have already introduced measures to curb prices. Czechia regulated fuel prices earlier this year, including through limits on retailers’ margins and a reduction in diesel excise duty.