According to Purple Trading analyst Petar Lajsko, the main reason for the further fall in fuel prices is the large drop in oil prices. He reminded that a barrel of Brent oil is selling below 73 dollars, which is close to the lowest values for this year. Even in the second half of October, after the outbreak of the conflict in the Middle East, the price of a barrel was more than 20 dollars higher. “In addition, everything indicates that the correction of oil prices will continue,” said Lajsek.
According to analysts, prices will probably continue to fall. According to Jiří Tyleček from XTB, motorists could wait until Christmas for the average price of gasoline and diesel to drop to the level of 36 crowns per liter. “The risk is the weakening koruna and geopolitical developments,” added Tyleček. Lajsek also expects that the drop in fuel prices at domestic gas stations should last at least until the end of the year.
The head of 4Trans, Jaroslav Ton, pointed out that diesel is now slightly more expensive than gasoline. “This indicates volatility in both prices and significant changes in the fuel market,” he said. At the same time, he recalled that the discounting has a positive impact for logistics companies, for which lower fuel prices, especially in the winter months, are an important factor for effective financing.
The cheapest fuel is filled by drivers in the South Bohemian region, where a liter of gasoline costs 35.70 CZK on average. They sell diesel there for an average of CZK 35.94. Conversely, the most expensive fuel is offered by pumps in Prague, where a liter of gasoline costs an average of CZK 38.62. Diesel is pumped for an average of CZK 38.70 per liter in the capital.
Fuels in the Czech Republic have been getting cheaper since the beginning of October, before that they had risen in price for about four months. In a year-on-year comparison, gasoline is about 30 halers cheaper, diesel was about 1.40 kroner more expensive in the same period last year.
Average fuel prices in the Czech Republic as of December 13, 2023 (in CZK/l):