The Czechs will now pay an average of 27.77 crowns per liter of Natural 95, and the diesel will then cost 27.08 crowns. Fuel is the cheapest since mid-July, but this is set to change in the near future.
“Fuel prices can be expected to stagnate in the Czech Republic next week. The stagnation will be the result of the opposite effect of the declining dollar price of oil and the weakening koruna,” said Lukáš Kovanda of the Government’s National Economic Council (NERV).
From the end of the spring peak of the coronavirus crisis until August, world oil prices were low. During September, they even fall, but according to Kovanda, not so significantly that it is reflected in Czech petrol prices. In addition, the koruna weakens against the dollar.
“The koruna is weakening against the dollar from the level of the mutual exchange rate below 21.90 to the currently mentioned level above 23 crowns per dollar. With the above-mentioned development of oil prices, such a depreciation of the koruna does not give further room for a reduction in the price of fuels in the Czech Republic. ” explains the economist.
Over the next week, fuel prices are still expected to remain at current levels, but then their rise cannot be ruled out.
However, Czechs do not have to worry about paying extreme amounts for petrol or diesel by the end of the year. “Although the Czech koruna will probably be under selling pressure for a few more weeks, it is fundamentally in a position to strengthen it again. So domestic drivers do not have to worry about any significant increase in fuel prices for the rest of the year,” Kovanda concluded.
Gasoline is currently cheaper than in the Czech Republic in Poland, Slovenia, Bulgaria or Romania. It is traditionally more expensive in Germany or Italy, but also in Slovakia and Austria. Poles pay less for diesel again, Germans, Slovaks and Austrians have more expensive ones.
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