Greece implements profit margin caps on fuel and food due to market volatility

On March 11, 2026, the Greek government announced a series of measures to address inflation and potential profiteering triggered by the conflict in the Middle East. Prime Minister Kyriakos Mitsotakis and government officials confirmed the implementation of profit margin caps for fuel and food products. These measures apply to the food industry, wholesale trade, supermarkets, and logistics companies, with regulations remaining in effect until June 30, 2026. The government intends to impose fines of up to 5 million euros for businesses that violate these profit caps. Minister of Development Takis Theodorikakos specified that the profit margins will be limited based on 2025 levels. Meanwhile, the Chamber of Commerce and Industry (KEBE) reported a 5.4% inflation rate in food for February, noting significant price increases in basic commodities. The government is also considering reintroducing programs like the 'Fuel Pass' and 'Market Pass' if the economic crisis persists. Officials emphasized that energy supply remains sufficient despite the ongoing regional instability.