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Czech government restarts fuel price caps, seeks windfall tax on refineries

Czech government restarts fuel price caps, seeks windfall tax on refineries 

- The Czech government will restart the regulation of fuel prices and cut the diesel tax for the month of October, as conflict in the Middle East pressures markets, the Finance Ministry said on Monday.

In another measure, the ministry said the government approved a proposal for an extraordinary tax on the refining sector, which would be applied in 2026 and 2027 and be set at 50% of the increase in gross margins versus 2025. The tax is expected to apply to the sole operator of Czech refineries, Poland's Orlen PKN.WA.


(Reporting by Jan Lopatka and Jason Hovet)

((jason.hovet@thomsonreuters.com;))

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