Greece may extend price caps on food and essential goods beyond
Greece may extend price caps on food and essential goods beyond June 30, Development Minister Takis Theodorikakos said, signaling that the government is not ready to withdraw the measure amid ongoing market pressures.
Speaking in a televised interview, Theodorikakos emphasized that current conditions do not support lifting the caps on basic consumer products. “Based on the current picture, I do not believe the cap can be withdrawn,” he said, adding that restrictions will likely remain in place for key categories even after the existing deadline.
The minister drew a distinction between food and fuel markets, suggesting that fuel price controls could be eased more easily once conditions stabilize. However, he cautioned that global energy volatility—particularly linked to geopolitical tensions in the Middle East—continues to pose significant risks. A sharp rise in oil prices, he noted, could drive further increases in fuel costs.
On diesel, Theodorikakos said the effectiveness of a €0.20-per-liter subsidy will be assessed later this week, in combination with existing measures, to determine whether it can curb rising prices.
He also underscored the government’s broader response to the cost-of-living crisis, defending its early intervention and economic policies. While acknowledging ongoing challenges, he said the
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