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A Shell service gas station. Credit: Wikimedia Commons\/CC BY-SA 3.0<\/p>\n
The Greek government has announced profit caps in an emergency package of measures to curb profiteering and shield consumers from price spikes triggered by the ongoing crisis in the Middle East<\/a>.<\/p>\n As previously signaled by PM Kyriakos Mitsotakis, a mandatory ceiling (cap) on profit margins has been imposed on fuel and essential supermarket products. \u201cThis \u2060turmoil should not lead to profiteering,\u201d Mitsotakis said during \u200ba monthly \u200bmeeting \u200bwith the Greek \u200cPresident.<\/p>\n During a press briefing on Wednesday, Vice President Kostis Hatzidakis confirmed that a legislative act is being fast-tracked today to ensure the measures take effect immediately via the Government Gazette.<\/p>\n Hatzidakis reassured the public that there are \u201cno issues regarding supply adequacy at any level, particularly concerning energy.\u201d He attributed the government\u2019s ability to intervene to its \u201cpolicy of fiscal responsibility,\u201d noting that current fiscal buffers<\/a> allow for these targeted interventions.<\/p>\n Greek ministers announced emergency measures as a result of the Middle East crisis on Wednesday. Credit: AMNA Energy Minister Stavros Papastavrou detailed the preventative interventions in the liquid fuel market, which will remain in effect until June 30, 2026. The specific caps are as follows:<\/p>\n Wholesale\/Trading Companies: Restricted to a maximum markup of 5 cents per liter over the refinery supply price for 95-octane unleaded and diesel Supermarket and food industry crackdown<\/p>\n Minister Takis Theodorikakos announced that profit caps will also extend to the food supply chain, covering manufacturers, wholesalers, and supermarkets.<\/p>\n Benchmark Year: Businesses are prohibited from exceeding the average gross profit margin per product code that they maintained during 2025. To deter \u201cunfair profiteering,\u201d fines for violators will amount to as much as \u20ac5 million, scaled according to the size of the business and the volume of the infraction.<\/p>\n![\"Greece](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/greece-price-caps-ministers-credit-amna.jpg\"\/)
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\nFuel price caps: Strict limits for wholesalers and retailers<\/p>\n
\nRetail Stations: Prohibited from exceeding a markup of 12 cents per liter over their procurement price when selling to consumers
\nIsland Exceptions: To ensure supply stability in remote island regions, trading companies may apply an additional \u201cspecial distribution cost\u201d above the 5-cent limit, subject to a forthcoming ministerial decision.<\/p>\n
\nDuration: The measure will initially run until June 30, at which point the government will review which categories require continued oversight.<\/p>\n