Czech Republic Cuts Fuel Tax Starting April 8 as Energy Crisis Looms

JAKARTA - The Czech government is implementing a tax cut on fuel or fuel as a response to rising global energy prices due to the US-Israeli war against Iran.

Czech Prime Minister Andrej Babis said the policy to control fuel prices would be implemented on Wednesday, April 8.

"We think this is a step that will basically help everyone, of course citizens, companies, and the economy," he said, quoted by The Guardian, Thursday, April 2.

In its implementation, the Czech Government will cut the margin on the sale of solar and gasoline by 2.50 crowns per liter or around Rp4,515 per liter.

In addition, this policy will reduce the price of solar fuel by 2.35 crowns per liter or Rp4,500 per liter, from the current solar price in the Czech Republic of 9.95 crowns or Rp17,970 per liter.

This step to cut fuel taxes has been implemented in a number of other central European countries to limit the impact of soaring fuel prices due to the conflict in the Middle East and rising crude oil prices.