Finance Ministry to receive fuel price data from petrol station operators

As of Monday, the Finance Ministry will receive daily reports on fuel prices from petrol station operators,  along with retrospective information covering the previous month.

The ministry has introduced the measure to monitor profit margins and prevent excessive increases following rising oil prices after the outbreak of conflict in the Middle East.

The opposition Civic Democratic Party has proposed temporarily lowering excise duty on fuels because of higher oil prices. Finance Minister Alena Schillerová rejected the proposal, saying it would only reduce state budget revenues without achieving the intended effect.