The Hellenic Competition Commission has launched a regulatory intervention in the petroleum sector in Greece to assess competition conditions in the production and distribution stages of key products. This initiative follows a market mapping exercise influenced by significant economic shocks like the COVID-19 pandemic and the war in Ukraine.

Competition law advisors are advised to monitor developments and participate in the public consultation to offer insights into competition dynamics in the petroleum industry. A comprehensive investigation into the petroleum sector in Greece has been conducted, analyzing competition conditions, market structure, and barriers to entry.

The assessment focused on various factors such as demand trends, prices of petroleum products, refining margins, retail prices, activities of refining and trading companies, pass-through of price changes, and asymmetry control across different regions in Greece.