Indonesia to keep subsidised fuel prices unchanged until end-2026
Bahlil Lahadalia said the price freeze would also cover subsidised 3 kg LPG, following instructions from President Prabowo Subianto.
Indonesia will hold subsidised fuel prices steady through 31 December 2026 despite elevated global crude prices, minister Bahlil Lahadalia said. He also said subsidised 3 kg liquefied petroleum gas (LPG) would not become more expensive before the end of the year.
In remarks cited on 9 November at the inauguration of Golkar’s Maluku provincial leadership, Bahlil said President Prabowo Subianto had instructed him to formulate energy policies that would avoid placing an excessive burden on people entitled to subsidies.
Bahlil, the coordinating minister for downstreaming and energy transition who also serves as energy and mineral resources minister, said his calculations indicated that some fuel types should already cost Rp20,000 per litre.
He attributed a rise in crude prices to US$105 per barrel to geopolitical conflict in the Middle East, and said prices had subsequently fallen to around US$94 per barrel. He nevertheless said subsidised fuel prices would remain unchanged regardless of oil price movements.
