Czech Chamber Backs First Reading of Windfall Tax on Refineries

The Czech Chamber of Deputies passed the first reading of a special tax targeting refineries, with the Babiš government arguing that oil processors and fuel suppliers earn excess profits from extraordinary market conditions. The measure revives a sectoral tax previously attempted, and its final passage and scope remain uncertain as it moves through the legislative process. If enacted, it could affect fuel prices and refinery margins in the Czech market.