Government to Cap Profits for Supermarkets and Fuel

The government is considering interventions in two stages to address the economic impact of the war. According to information from protothema.gr, the interventions include capping the profit margin of refineries and supermarkets. In the fuel chain, the cap will be twofold, both on sales from the refinery to the trader and from the gas station to the consumer.

In addition, the reinstatement of direct subsidies to refineries for diesel fuel is being considered, so that it is available at a lower price. Eurogroup President and Finance Minister Kyriakos Pierrakakis stressed that household purchasing power is key, while recognizing the important role of the Eurogroup.

The government is trying to avoid direct pass-type subsidies, but an exercise has been carried out on the cost of such a subsidy. The Maximos Mansion and the Ministry of Finance are seeking to keep a low profile and avoid excessive expectations, as the budget execution progresses.

The meeting at the Maximos Mansion was attended by Kostis Hatzidakis, Takis Theodorikakos and Stavros Papastavrou. Decisions are expected to be announced by Friday.