A New 33% Windfall Tax Will Hit Oil Companies' Excess Profits for 2026
The Council of Ministers has approved a one-off Temporary Solidarity Contribution on the Oil Sector, taxing at 33% the part of 2026 profits that runs more than 20% above the 2024–2025 average. The revenue is earmarked for shielding vulnerable households from fuel-price rises and cutting fossil-fuel
