Finance Ministry to control profit margins on fuels

As of Monday, March 14, the state will control the profit margins on fuel sales, on suspicion that petrol stations have been overcharging customers. Sellers will have to send the Finance Ministry daily reports on sales prices, as well as provide a retrospective review going back to February 21. The prices will be assessed with respect to the development of fuel prices on the Rotterdam Commodity Exchange. Fuel prices in the Czech Republic have jumped by an average 10 crowns since the start of the war in Ukraine, hitting a historic high, and there is suspicion that fuel retailers are abusing the situation. Under pressure to act, the government last week decided to abolish the mandatory blending of bio-components into fuels and to scrap the road tax on vehicles weighing up to 12 tons.