The Parliamentary Group of SYRIZA Progressive Alliance submitted an amendment to the bill of the Ministry of Rural Development for the establishment of a maximum profit margin in oil refining and the production of its refined products at the level of the average of the corresponding proven profit margins of the European Union.
It is noted that during the term of the Mitsotakis government, a steep increase in the profit margin of the Greek refineries has been recorded: from the financial statements of the country's two largest refineries for the year 2019, an average refining margin in Greece of $7.6 per barrel emerges. In the first half of 2026, correspondingly, an average refining margin in Greece of $22.95/barrel emerges, while the accepted European benchmark gives an average European refining margin of $12.1/barrel.
This means that in Greece today the refining margin has increased by 200% compared to 2019 and that the refining margin in Greece today is 90% higher than the European average ($22.95/barrel versus $12.1/barrel).
For the smoothing of Greece's various profit margins in relation to the EU and to prevent the reduction of the Special Consumption Tax from being passed on to citizens, SYRIZA-PS proposes the establishment of a maximum gross profit margin in oil refining and the production of its refined products at the level of the average of the corresponding proven profit margins of the EU, adjusted monthly. The measure is temporary in nature and applies for one year.