The European Commission (EC) has proposed new sanctions against Russia over its war in Ukraine, imposing a ban on Russian diamonds and strengthening other measures such as a cap on oil prices, it said, citing EC documents. Politico. Since Russia’s invasion of Ukraine, Brussels has implemented 11 sanctions packages targeting various areas. The latest sanctions … Read more
Taking into account the latest OPEC data, Saudi Arabia’s decision to reduce oil production has created a situation where oil prices have already exceeded 90 dollars per barrel on the London Stock Exchange. World oil reserves, which have shrunk significantly in the third quarter, will shrink even more in the next three months – by … Read more
The North American Free Trade Agreement (NAFTA), which entered into force in 1994, was extraordinary for at least two reasons. It was the first in which an emerging economy agreed conditions for the liberalization of trade barriers with developed economies. In addition, the interest it aroused helped trigger a growing number of trade agreements. According … Read more
The increase in the price of diesel accelerated when the excise duty on diesel rose by 1.50 crowns per liter from the beginning of August. Its price has increased by more than four crowns since then. At the beginning of the month, according to CCS data, a liter cost an average of 33.95 crowns. From … Read more
Over the past two weeks, fuel prices in the Czech Republic have risen more than the average in the European Union (EU). While a liter of gasoline cost CZK 38.30 in the Czech Republic at the end of July, and two weeks later it was CZK 1.1 more, the price of diesel fuel rose by … Read more
17.08.2023 20:34 | Monitoring Over the past two weeks, fuel prices in the Czech Republic have risen almost twice as much as the average in the European Union. Gasoline went up by 1.1 crowns. The price of diesel rose by four crowns. At 37.50 crowns per liter. Consumption tax has increased by 1.5 kroner per … Read more
The government wants to push through an increase in excise duty on diesel by 1.5 crowns per liter. For the bill to be valid, it must be approved by the Senate and signed by the President. What possible consequences do you expect? VAT must be added to this. You can expect only one thing, and … Read more
According to the CCS company, Natural 95 now costs CZK 36.87 on average, diesel is sold for CZK 31.20. “Gasoline will go above CZK 37, because the demand for fuel will increase due to the fact that drivers who do not drive much for more than a year will leave. Higher demand results in an … Read more
The Saudis announced this after Sunday’s meeting in Vienna. The rest of the countries agreed to extend earlier supply cuts until the end of 2024. OPEC+ accounts for roughly 40 percent of global oil production and 60 percent of exports. The group’s political decisions can therefore have a major impact on prices. At the beginning … Read more
During this time, the best-selling Natural 95 became cheaper by about one crown per liter, when on Sunday it was sold for an average of CZK 36.97, according to CCS. Diesel has become cheaper by almost three crowns per liter since February. “It will become more expensive from the end of next week. For gasoline, … Read more