Analysts: fuels in Czechia to get cheaper within days, but return to normal will take time

According to analysts, the positive effects of the US-Iran agreement to end the war should become apparent at filling stations in the Czech Republic within a few days, with fuel prices potentially falling by up to two korunas per litre. However, a return to pre-war prices cannot yet be expected, and the path back to normal could take many months. This follows from analysts’ comments to the Czech News Agency (ČTK). In their view, this will depend chiefly on further developments in the Middle East and the condition of infrastructure there.

According to XTB analyst Jiří Tyleček, the impact of the US-Iran agreement on the fuel market will be substantial and very swift. “Drivers should feel the first price-list adjustments of around 1.50 to two korunas per litre within just a few days. A weaker US dollar will also contribute to lower prices, while government fuel-price regulation will ensure a rapid reduction,” Tyleček said.