Indonesia pledges no subsidised fuel price rise through December 2026
Non-subsidised fuel prices will continue to track international markets, while the government seeks crude supplies from multiple countries.
Indonesia's subsidised fuel prices will not increase before the end of 31 December 2026, minister Bahlil Lahadalia pledged, saying the government would maintain them to protect purchasing power amid geopolitical pressures on global energy supplies.
Bahlil, the coordinating minister for downstreaming and energy transition and minister of energy and mineral resources, made the commitment at a national working meeting of the Indonesian Indigenous Entrepreneurs Association (HIPPI) in Jakarta. He acknowledged that keeping prices unchanged amid uncertainty in global markets would be difficult, but said the government remained committed to supporting economic stability for the public.
The pledge excludes non-subsidised fuel. Bahlil said prices for those products, consumed by people who can afford them, would continue to be adjusted periodically in line with international market conditions.
Bahlil put national fuel consumption at 1.6 million barrels per day and domestic oil lifting at around 600,000 barrels per day. Indonesia imports approximately 1 million barrels of crude oil and fuel each day.
The government continues to seek crude oil from different international suppliers to safeguard national energy security. It is open to supplies from any country provided they are cost-efficient, benefit Indonesia and comply with applicable regulations.
