Media: Regulation of fuel prices in Czechia could end before holidays

State regulation of fuel prices in Czechia could end before the summer holiday period, Czech Television reported, citing Finance Minister Alena Schillerová. This follows a decline in oil prices.

State price regulation has affected petrol station operators in Czechia, with one saying it had filed a lawsuit in this regard against the Ministry of Finance with the Municipal Court in Prague, Czech Television said.

The Association of Independent Petroleum Retailers estimates losses at between CZK 50 million and CZK 100 million.

In April this year the government introduced temporary direct fuel price regulation for the first time in modern Czech history.