PM Babiš met fuel distributors as government weighs margin caps

Prime Minister Andrej Babiš met representatives of major fuel distributors to discuss retail margins that the government considers excessive in some cases. The talks, involving companies that control a substantial part of the market followed an earlier meeting earlier in the week and focused on possible steps to reduce margins. Andrej Babiš said erlier the government believes margins should be lower, while distributors rejected accusations of exploiting tensions in the Middle East. Some firms indicated they could imagine an agreement, but no details were disclosed after the meeting. Fuel prices in Czechia rose sharply as in other European countries as a result of the US and Israeli attacks on Iran.