Thursday, March 12

Greece caps fuel margins and limits mark-ups on basic goods


The Greek government introduces an emergency legislative act valid until 30 June 2026, imposing temporary caps on profit margins in the fuel market and on basic consumer goods.

Under the measure, fuel trading companies supplying petrol stations will not be allowed to charge more than 5 euro cents per litre above the refinery supply price for 95-octane petrol and diesel. Retail fuel stations, in turn, will be limited to a maximum margin of 12 euro cents per litre on fuel purchased from marketing companies when selling it to consumers.

A special provision applies to island areas, where trading companies may charge an additional transport and distribution cost above the 5-cent cap. The exact level of this surcharge will be set by ministerial decision.

The legislation also introduces controls on food and basic household goods. Companies will not be allowed to apply a gross profit margin higher than the average margin recorded for each product in 2025. The rule applies to the food industry, wholesale trade, supermarkets and distribution companies.

Violations may result in fines of up to 5 million euros, depending on the size of the business and the scale of the infringement. Authorities will also step up market inspections to enforce the new rules.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *