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BOE-A-2026-16663 ·31 July 2026 ·Resolution Medium impact
Tax

Reference prices for hydrocarbon concessions: first half 2026 tax and compensation rates

The Directorate General for Energy and Mines approves reference prices for the first half of 2026 to calculate the taxable base of the Tax on the Value of Gas, Oil and Condensate Extraction. These prices apply to both tax payments and economic compensation owed by concession holders to landowners of underlying properties (Art. 13 Order ETU/78/2017). The established values include crude oil, condensates (naphtha, kerosene, diesel, propane and butane) and natural gas.

In 3 key points

  1. Crude oil: 75,4560 euros per barrel (First.a) (Primero.a)
  2. Natural gas: 42,6431 euros per MWh (First.c) (Primero.c)
  3. Effective from the day after publication (Second) (Segundo)

How it affects those involved

For operators of extraction concessions, these prices directly determine their tax liability and mandatory compensation payments to landowners (Art. 13 Order ETU/78/2017). An increase in these prices raises both the tax base and compensation obligations. For landowners of underlying properties, these values define the amount of rental income they are entitled to receive from extraction activities on their land.

Lifecycle

2026-07-31PublishedPublished in the BOE
2026-08-01Into forceComes into force (Segundo)
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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