The Greek government has introduced emergency measures to cap profit margins on fuel, food and other essential goods, as authorities seek to prevent price gouging during a period of heightened economic uncertainty.
The measure, announced by the government’s economic team, will remain in force until June 30, 2026 and was enacted through an emergency legislative act. Officials said the intervention reflects concerns about the economic impact of rising geopolitical tensions in the Middle East, which have already affected global energy markets.
Limits on Fuel Profit Margins
According to Energy and Environment Minister Stavros Papastavrou, the government is implementing preventive measures in the fuel market to avoid unfair pricing practices.
Under the new rules:
- Fuel trading companies cannot add more than €0.05 per liter above the price at which they purchase fuel from refineries.
- Gas stations cannot add more than €0.12 per liter above the price at which they purchase fuel from trading companies.
- For island regions, where transportation costs are higher, an additional cost of up to €0.05 per liter is permitted.
Measures Extend to Food and Supermarkets
Development Minister Takis Theodorikakos said the conflict in the broader region has increased pressure on supply chains and raised concerns about inflation.
Authorities have already intensified inspections across the market, carrying out around 1,500 checks, particularly at fuel stations, since the crisis began.
The new rules also place limits on profit margins in supermarkets, the food industry and wholesale trade, following a proposal from the country’s independent market authority.
Preventing Price Gouging
Deputy Prime Minister Kostis Hatzidakis emphasized that the government’s priority is to prevent profiteering while ensuring the market remains adequately supplied.
“There is no issue with the availability of products,” he said, adding that Greece is monitoring developments alongside other European Union countries and will adjust its response if necessary.
