In response to soaring oil prices, with Brent crude surpassing $100 per barrel, the Greek government is preparing to introduce measures aimed at controlling fuel costs. The first step will be the implementation of a price cap, which will set limits on profit margins for fuel trading and retail. This initiative is part of a broader strategy to alleviate the financial burden on consumers amid increasing energy costs.

Sources indicate that proposals from key ministers, including Takis Theodorikakos of Development and Stavros Papastavrou of Environment and Energy, have already reached the Prime Minister's office (Maximos Mansion). While the specific details of the cap are yet to be finalized, it is expected that the announced measures will come into effect swiftly. This government intervention is seen as crucial for preventing excessive price hikes that could further strain consumers and the economy.

The decision to impose a cap on profit margins means that fuel retail outlets and oil trading companies will have to adhere to the established limits, ensuring that prices remain as affordable as possible during this period of volatility in the global energy market. The timeline for the implementation of these measures has not been disclosed, but the urgency to respond to the crisis is apparent as the government seeks to support citizens in light of rising living costs associated with energy expenditure.