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Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia. Photo: Metro TV
Bahlil Confirms Subsidized Fuel Prices will not Rise Through End of 2026
Fajar Nugraha • 23 September 2026 10:18
Jakarta: Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia explained that the price of non-subsidized fuel, such as Pertamax, could rise if the price of Indonesian crude oil surges due to global market dynamics.
However, he assured that the government has no plans to raise the price of subsidized fuel.
According to him, the price of non-subsidized fuel depends heavily on fluctuations in the Indonesian Crude Price (ICP), which reflects global market rates.
"Non-subsidized fuel prices follow market rates. If the global market price, specifically the ICP, rises, the fuel price will automatically go up. Conversely, if the ICP drops, the price will certainly adjust downward," said Bahlil, as quoted by Headline News, Metro TV, on Tuesday, September 22, 2026.
Although non-subsidized fuel prices fluctuate with the market, Bahlil emphasized the government's commitment to maintaining economic stability for lower-income citizens by keeping subsidized fuel prices stable. He confirmed that there would be no price hikes for subsidized fuel through the end of 2026.
"What matters now is that the government ensures our fuel reserves meet the minimum standard of 18 to 21 days. Secondly, there will be no increase in subsidized fuel prices through the end of the year. That is a done deal; it is a direct order from President Prabowo," he asserted.
In addition to ensuring national energy reserves remain at safe levels, Bahlil reiterated a firm appeal to the affluent, urging them not to encroach upon the rights of the less fortunate to access subsidized energy.
"I appeal to my fellow citizens, and I will keep making this appeal, those who are well-off, have good incomes, belong to the middle-to-upper economic class, and drive luxury cars: please do not use subsidized fuel," Bahlil said.
However, he assured that the government has no plans to raise the price of subsidized fuel.
According to him, the price of non-subsidized fuel depends heavily on fluctuations in the Indonesian Crude Price (ICP), which reflects global market rates.
"Non-subsidized fuel prices follow market rates. If the global market price, specifically the ICP, rises, the fuel price will automatically go up. Conversely, if the ICP drops, the price will certainly adjust downward," said Bahlil, as quoted by Headline News, Metro TV, on Tuesday, September 22, 2026.
Although non-subsidized fuel prices fluctuate with the market, Bahlil emphasized the government's commitment to maintaining economic stability for lower-income citizens by keeping subsidized fuel prices stable. He confirmed that there would be no price hikes for subsidized fuel through the end of 2026.
"What matters now is that the government ensures our fuel reserves meet the minimum standard of 18 to 21 days. Secondly, there will be no increase in subsidized fuel prices through the end of the year. That is a done deal; it is a direct order from President Prabowo," he asserted.
In addition to ensuring national energy reserves remain at safe levels, Bahlil reiterated a firm appeal to the affluent, urging them not to encroach upon the rights of the less fortunate to access subsidized energy.
"I appeal to my fellow citizens, and I will keep making this appeal, those who are well-off, have good incomes, belong to the middle-to-upper economic class, and drive luxury cars: please do not use subsidized fuel," Bahlil said.