The price of fuel in the Czech Republic does not depend only on where the oil physically flows into the country. The resulting price at the pump is influenced by the world price of oil, refinery capacity, regional margins, the koruna exchange rate, taxes and market expectations.

The entire price chain, from the barrel of oil through the refinery and distribution to the gas station, is crucial. Only its analysis will show which costs are justified, where there is room for margin, and when a crisis surcharge is reflected in the price. A practical perspective must also include the role of Orlen, MOL, ČEPRO, state reserves, and the exchange rate of the koruna.

Why is the global shock quickly reflected in Czech prices, even though direct dependence on Hormuz is not high? How are refining and retail margins created and who can control them? What role do Orlen, MOL, ČEPRO, state reserves, and the koruna exchange rate play? And which government interventions would actually reduce the price, instead of just creating an expensive illusion?

Our guest will be Lukáš Kovanda , Chief Economist, Trinity Bank.

Moderated by Irena Krcháková , analyst, Institute for Politics and Society.

The online debate will take place on October 13th at 4:00 PM and you can watch it live on our social media.