Under mounting pressure from price hikes linked to the Middle East conflict—and amid early signs of profiteering in the market—the Greek government announced emergency measures on March 11, 2026, aiming to intervene before inflationary pressures further impact households.
Profit Margin Cap on Fuels Reintroduced
Vice President of the Government Costis Hadjidakis, Environment and Energy Minister Stavros Papastavrou, and Development Minister Takis Theodorikakos presented a package of anti-inflation measures. A key element is the reintroduction of a cap on the gross profit margin for fuels, as well as for basic foodstuffs and essential goods. The move seeks to curb excessive pricing by retailers and distributors during periods of market volatility.
Supply Security Assured
Hadjidakis emphasized that there is no issue regarding fuel supply adequacy or logistics, stating clearly: “There is no question of shortages or supply disruption.” The focus remains on ensuring fair pricing rather than addressing availability concerns.
Tighter Enforcement on Price Transparency
The government also signaled plans to tighten the regulatory framework governing public disclosure of businesses found violating consumer protection and fair trade laws. This includes naming and shaming firms engaged in exploitative pricing practices.
For live updates on the anti-inflation measures, readers can follow the newsit.gr live blog.