Diesel reaches highest price in years in Czechia

The average price of diesel in Czechia has passed CZK 41 for the first time in roughly 3.5 years, the Czech News Agency reported on Friday. The average price was CZK 41.28, 39 halers higher than on the previous day.

Prices have been rising since a US-Israeli attack on Iran at the end of last month sparked conflict in the Middle East.

Analysts say the lifting of US sanctions on Russian oil may help the market calm. However, they do not expect a turnaround.