Diesel prices fall sharply after price caps take effect

Diesel prices fell sharply across Czechia on Thursday after government price caps on fuel came into effect. At many filling stations, diesel was up to three crowns per litre cheaper than on Wednesday, while at one station on the D5 motorway the price fell by more than four crowns. Petrol prices declined less significantly, as many stations had already been selling it below the new ceiling. The maximum price is CZK 48.72 per litre for diesel and CZK 46.14 for petrol. The government has also reduced the excise duty on diesel.