Petrol prices in Czechia highest since August 2022, expected to rise further

Fuel prices in Czechia have risen sharply over the past week. The average price of Natural 95 petrol increased by CZK 1.88 to CZK 44.22 per litre, while diesel rose by CZK 1.90 to CZK 47.79, according to CCS, which tracks fuel prices.

Petrol is now about CZK 10.50 per litre more expensive than a year ago, while diesel costs around CZK 15.50 more. The government discussed the rising fuel prices on Monday but decided not to limit fuel retailers’ margins for now. Czechia has already introduced fuel price regulation this year, from April to mid-July.

The conflict in the Middle East, which began in late February, has had a major impact on fuel prices this year. Analysts expect prices to continue rising.