Due to high oil prices, the government will not introduce a cap on fuel prices at petrol stations. However, it is considering the abolition of the blending of bio-components into fuels and the abolition of the road tax. The cabinet is expected to decide on specific measures against fuel price increases later in the day.
On the other hand, other measures, such as price capping, are not in play. For example, the association of car carriers, ČESMAD Bohemia, has called for this.
According to Miroslav Novák, an analyst at Akcenta, the main questions are how much the cabinet wants to influence the final fuel price and, above all, to what extent it can tolerate a shortfall in indirect taxes on the revenue side of the state budget.
The price of petrol and diesel has been gaining momentum in recent days. In the last 24 hours, petrol has risen by CZK 1.7 to CZK 45.21 per liter, while diesel has been increased by CZK 2.15 to CZK 47.47 per liter. These are record daily increases since the beginning of the war in Ukraine.
“Over the last month, diesel has risen by almost CZK 12 per liter. Transporters suspect that petrol stations are abusing the situation to increase their margins. They refuse to do so. In any case, fuel prices are rapidly rising to CZK 50/l,” said Lukáš Kovanda, chief economist at Trinity Bank.