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Orlen is not the only one, it is not possible to fill up with gasoline without a higher component of bio-alcohol. And does it matter at all? | Currently.cz

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Orlen is not the only one, it is not possible to fill up with gasoline without a higher component of bio-alcohol. And does it matter at all? | Currently.cz

Orlen Unipetrol is the dominant fuel supplier for filling stations in the Czech Republic. Most brands will switch to 95-octane gasoline with a higher proportion of biocomponents at the same time that Unipetrol’s refinery starts production. That is, with January of next year. But motorists are worried unnecessarily, for new cars it is not a … Read more

Fuels continue to become cheaper, the average price of gasoline has fallen below 38 crowns – News

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Fuels continue to become cheaper, the average price of gasoline has fallen below 38 crowns – News

Over the past week, natural has become cheaper by 28 halers to 37.95 crowns. Diesel became cheaper by 51 halers. Drivers now pay an average of 38.20 crowns for a liter of diesel, which is the lowest for the last two and a half months. This follows from data from CCS, which monitors fuel prices. … Read more

EU Proposes New Sanctions Against Russia: Ban on Diamonds and Oil Price Cap

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EU Proposes New Sanctions Against Russia: Ban on Diamonds and Oil Price Cap

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

OPEC Data Reveals Saudi Arabia’s Decision to Reduce Oil Production Leads to Oil Prices Surpassing $90 Per Barrel on London Stock Exchange

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OPEC Data Reveals Saudi Arabia’s Decision to Reduce Oil Production Leads to Oil Prices Surpassing Per Barrel on London Stock Exchange

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 Impact of NAFTA and USMCA on North American Trade and Economic Growth

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The Impact of NAFTA and USMCA on North American Trade and Economic Growth

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 Diesel Prices in the Czech Republic and its Impact on Transport Companies

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The Increase in Diesel Prices in the Czech Republic and its Impact on Transport Companies

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

Czech Republic Fuel Prices Rise Twice as Much as EU Average: Latest Updates and Analysis

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Czech Republic Fuel Prices Rise Twice as Much as EU Average: Latest Updates and Analysis

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

Consequences of Increased Excise Duty on Diesel and Potential Stabilization of Diesel and Gasoline Prices

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Consequences of Increased Excise Duty on Diesel and Potential Stabilization of Diesel and Gasoline Prices

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

Why Fuel Prices in Czech Republic are Rising: Government Plans to Increase Diesel Tax and Strong Demand After Pandemic

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Why Fuel Prices in Czech Republic are Rising: Government Plans to Increase Diesel Tax and Strong Demand After Pandemic

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