The Czech government will let temporary fuel price controls and a diesel tax cut expire this Sunday, returning petrol and diesel pricing to free-market mechanisms from Monday, July 20, 2026. Price ceilings imposed earlier this year will not be renewed, ending an intervention introduced in early April when oil prices spiked after the U.S. and Israeli strikes on Iran led to the closure of the Strait of Hormuz.
The excise duty on diesel will simultaneously revert to the standard rate of 9.95 crowns per litre from the reduced 8.011 crowns, closing a relief that cost the state budget roughly one billion crowns a month. Regulated maximum prices for both fuels are rising slightly in their final days, with diesel climbing 40 halers to 39.19 crowns per litre on Tuesday.
Separately, the state is set to sign an agreement next week with Rolls-Royce SMR to prepare small modular nuclear reactors at Detmarovice and Tusimice.