Fuel Tax Increase Deferred Following Government Review By Liina Laks, Economic Journalist March 12, 2026, 12:17 Prime Minister Kristen Michal announced Thursday that the planned fuel tax increase, slated for implementation in May, will not proceed. The decision follows a review by the Ministry of Finance, which is currently preparing a legislative amendment expected to be finalized next week. The proposed increase included a fuel tax alongside a separate levy on electric fuels. The Ministry of Finance’s proposal aimed to address rising energy prices and generate revenue. The exact details of the legislative amendment remain under wraps, but the government’s shift in course signals a reassessment of the initial strategy. The potential impact on oil prices and the broader energy market is currently being monitored. Further updates will be provided as the legislative amendment is finalized and its implications become clearer. Topics: #tax #increase #fuel Post navigation Most patients wait for more than a month for an appointment with a specialist The NATO allies are worried about the defense: Czechia deliberately leaves the defense costs to rot