Reference prices for calculating the tax on extraction of gas, oil and condensates in the first half of 2026
31 Jul 2026Effective: 01 Aug 202674 views
Who is affected:
Companies holding exploitation concessions for hydrocarbon deposits in Spain
Summary
Official reference prices for the first half of 2026 are set for calculating the tax on hydrocarbon extraction. Oil is valued at 75.46 €/barrel and natural gas at 42.64 €/MWh.
Detailed analysis
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The Directorate General for Energy Policy and Mines approves the reference prices for the first half of 2026 for the Tax on the Value of Extraction of Gas, Oil and Condensates, created by Ley 8/2015. These prices determine the taxable base of the tax and mandatory payments to owners of land overlying the concessions. C…
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