Officials say decisions on market interventions will be finalized within days as the government monitors rising fuel prices.

The fuel cap on profit margins, the exact amount of which will be decided at a prior stage, is reportedly expected to take effect immediately

Fuel prices in Greece soar past €2 per litre in many areas, while heating oil costs jump sharply, prompting the government to consider interventions including Fuel Pass, profit caps, and energy bill subsidies for households and businesses

Rising energy costs are pushing gasoline, diesel and heating oil prices higher in Greece, fueling concerns about broader increases in electricity and food prices.

The Greek government warns of potential economic impacts from Middle East tensions and is ready to implement emergency measures, including price caps and targeted subsidies, to protect consumers and stabilize fuel and essential goods markets

Drivers in Athens rushed to gas stations amid fears of price spikes tied to escalating conflict in Iran and disruptions at the Strait of Hormuz. Industry officials say prices remain stable for now, but warn uncertainty could ripple through global supply chains

Aligizakis pointed out that the sector employs over 100,000 people—directly or indirectly—and contributes €5 to €6 billion annually in duties to the Greek state

The Greek Premier recently forwarded a letter of European Commission President Ursula von der Leyen presenting a series of measures and actions to address the issue