Government to monitor fuel station margins as prices rise

The Ministry of Finance of the Czech Republic will begin monitoring profit margins at petrol stations to prevent excessive increases as global oil prices rise following the conflict involving Iran.

Finance Minister Alena Schillerová said higher fuel purchase prices must not be used as an excuse to artificially raise margins. If margins increase disproportionately, the government may introduce measures, including setting a fixed margin.

Fuel prices in the Czechia have already risen since fighting began in the Middle East. Diesel now averages about 35.10 CZK per litre, up 2.13 CZK from a week ago, while Natural 95 petrol costs around 34.68 CZK per litre, about 1.21 CZK more. Analysts expect prices to continue rising.