Today, the government unveiled the economic measures taken amid the Middle East crisis, and a legislative act to be published in a gazette puts a cap on the profit margin on 61 supermarket products.

According to the official announcements, the cap will be at the mid-2025 profit margin levels on food and basic living essentials.

According to the official announcements, the cap will be at the mid-2025 profit margin levels on food and basic living essentials.

Here is the list of the 61 products that are being capped:

  • Rice
  • Bread for toast
  • Bread for toast
  • Breadcrumbs

    • All-purpose flour

  • Pulses (lentils)
  • Legumes (beans)
  • Legumes (chickpeas)
  • Paris
  • Turkey (sausages)
  • Frozen fish
  • Fresh fish
  • Wet pork
  • Wet chicken and parts of chicken
  • Fresh veal
  • Fresh meat of lamb, goat or sheep
  • Prepared meals (supermarkets)
  • Fresh whole milk
  • Fresh low-fat milk
  • High pasteurised milk (long-life) whole
  • High pasteurised milk (long-life) low-fat
  • Evaporated milk
  • Unflavoured cow’s milk yoghurt
  • Low-fat unflavoured cow’s milk yoghurt
  • Feta cheese
  • White cheese
  • Gunda cheese
  • Low-fat cheese
  • Preserved tomato juice
  • Eggs
  • Margarines
  • Cow butter

    • Olive oil

  • Frozen vegetables
  • White sugar
  • Sweeteners suitable for diabetics (e.g. stevia)
  • Cereals
  • Baby cream
  • Baby milk
  • Any type of coffee (e.g. Greek, espresso capsule, instant, French)
  • Chocolates and chocolates
  • Biscuits
  • Orange juice
  • Detergents for washing machines (liquid and powder – not tablets)
  • Surfactants for mopping and surface cleaning – bleaches
  • Dishwashing detergents for hand washing
  • Kitchen paper
  • Toilet paper
  • Toothpastes
  • Shavers and spare parts for shavers
  • Shampoo
  • Soaps in solid and liquid form
  • Scent baths
  • Continence pads
  • Baby diapers
  • Cotton wipes
  • Baby shampoos
  • Dog food for dogs
  • Flowers for cats

What is the profit margin

The profit margin cannot be more than 5 cents per litre at wholesale, while petrol stations are banned above 12 cents. There will be special measures for islands. “There is a special provision for island regions where companies can impose special distribution costs to be determined by a ministerial decision,” Kostis Hatzidakis said in the presentation.

Also, Takis Theodoricakos announced that the cap is also being introduced on food and will apply in principle until June 30, when it will be presented in which ones it will remain in force.

“The fines for violation are up to 5 million euros, depending on the size of the business and the amount of unfair profitability,” he explained. The measure applies to food, trade, supermarkets and product distribution companies and is considered particularly strict.

“The government is imposing a cap on the profit margin on fuel and supermarket products with a three-month horizon,” Prime Minister Kyriakos Mitsotakis announced earlier today during his meeting with President of the Republic Kostas Tasoulas. “This turmoil should not lead to speculative phenomena,” he said, as the war in the Middle East enters its 12th day and is causing turmoil worldwide.

“We are vigilant for further repercussions of the crisis,” the prime minister said.