The Greek Government has enacted emergency measures aimed at alleviating the financial burden of escalating energy costs, while also keeping a close watch on geopolitical tensions and their potential impacts on global energy markets. A significant component of these measures is a temporary legislative act that will remain in effect until 30 June 2026, which imposes limits on profit margins throughout the fuel supply chain to shield consumers from steep price hikes.
According to the new regulation, fuel suppliers to service stations are restricted to a maximum margin of 5 eurocents per liter above refinery prices for both petrol and diesel. Additionally, retail fuel stations will have their margins capped at 12 eurocents per liter for sales directed at end users. Notably, island regions will be subject to special provisions due to higher logistical costs, allowing wholesalers to levy additional transport and distribution fees beyond the established 5 eurocent limit, with specifics on these surcharges to be determined later.
Currently, Greece does not face any immediate threats to its natural gas supply, as it does not rely on imports from Gulf producers. However, officials from the Greek gas transmission system operator DESFA have indicated that fluctuations in global gas prices could still arise from ongoing geopolitical conflicts, which may have ripple effects across broader European markets.
DESFA has confirmed that its international operations remain stable, including the ongoing operation and maintenance of a key LNG terminal in Kuwait. The terminal continues to operate without disruption, with consistent communication maintained among employees, local authorities, and the Greek diplomatic mission.
In light of recent market volatility, the Greek Government has dismissed any plans to revert to domestic lignite production. Deputy Energy Minister Nikos Tsafos stated that there are no intentions to prolong the operation of the Ptolemaida V lignite unit, which is set for retirement by the end of 2026. Nevertheless, emergency measures established during the 2022 energy crisis remain accessible should circumstances deteriorate further.
