US EditionThe Government Announces Measures: Limiting Gas Station Operators' Margins and Reducing Excise Tax on Diesel
6 Articles
6 Articles
The government announced measures to combat high fuel prices on Thursday after an extraordinary meeting. Starting next Wednesday, it will cap fuel distributors' margins and reduce excise duty on diesel. This was announced by Prime Minister Andrej Babiš.
Andrej Babiš's government was initially reluctant to intervene in the gasoline and diesel markets, whose prices have risen significantly due to the war in the Middle East. But it has now introduced a set of measures that it hopes will make fuel cheaper. We describe what changes will be made and answer basic questions.
At an extraordinary meeting, Andrej Babiš's government will discuss capping fuel distributors' margins and reducing excise tax in order to correct high diesel and gasoline prices in the Czech Republic. Babiš discussed the level of fuel retailers' margins on Monday and Wednesday with representatives of MOL, OMV, Shell, EuroOil and Orlen, which are among the largest fuel distributors in the country.
The government of Andrej Babiš (ANO) will decide on measures due to rising fuel prices at its extraordinary meeting today. The association of automobile carriers Česmad Bohemia told Echo24 that it believes that the government will reduce the excise tax so that Czech carriers can compete with foreign ones, where governments have already taken similar measures. According to them, what is certain is that the situation related to the war in Iran wil…
The government discussed measures against high fuel prices in the Czech Republic at an extraordinary meeting on Thursday. It decided to regulate margins to 2.50 crowns for diesel and gasoline and reduce excise tax. The excise tax on diesel will decrease by 2.35 crowns. The tax on gasoline will not change. The cabinet will also determine the maximum price of fuels daily, said Prime Minister Andrej Babiš (ANO). The measures will come into effect f…
Prague - The government will discuss measures against high fuel prices in the Czech Republic at an extraordinary meeting today. One of them should be the regulation of fuel distributors' margins, which according to the cabinet are inadequate in some cases. Another point could be a reduction in the excise tax on fuels; the Ministry of Finance should have worked out several variants of the tax adjustment in recent days.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
