Czech government sets fuel price caps above current averages

Maximum prices for diesel at filling stations in the Czech Republic will be set at CZK 49.59 per litre on Wednesday, while petrol will cost no more than CZK 43.15 per litre, Finance Minister Alena Schillerová (ANO) announced.

The caps are thus more than one crown per litre higher than the current average prices in the country. The ministry will set the price ceilings on a daily basis.

Filling stations that exceed the state-mandated prices may face fines, the minister said. Operators could be fined up to CZK 5 million. The state will monitor compliance with the pricing rules.

Additional measures include reducing excise duty on diesel by 2.35 CZK per litre, from the current 9.95 CZK.