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Wed, Mar

Greece Officially Announces Caps on Fuel and Essential Goods Profits

Greece Officially Announces Caps on Fuel and Essential Goods Profits

Hellenic Shipping News

The Greek government has introduced emergency measures to cap profit margins

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

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