Reduction of excise tax on petrol and diesel by CZK 1.50 per litre

13. June 2022

Amendment No. 131/2022 to the Excise Tax Act was published in the Collection of Laws, which temporarily reduces the excise tax on diesel and unleaded petrol by CZK 1.50 per litre, effective from 1 June to 30 September 2022.

For the purpose of price control, the Ministry of Finance extended the monitoring of fuel prices to the entire distribution chain in May and prolonged it until the end of September. The aim of this extended control is to ensure that fuel distributors reduce their wholesale margins to pre-war levels and, above all, to ensure that the reduced excise duty does not remain in distributors’ margins but is fully reflected in final prices for drivers.

Author: Grant Thornton Czech Republic