Indonesian Govt Says No Increase in Subsidized Fuel Prices

Tempo08-11 19:45

TEMPO.CO, Jakarta – Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia has assured the public that subsidized fuel prices will not increase despite continued volatility in global oil ...

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Changes in ICP would instead affect non-subsidized fuel prices, he said.“Amid continued uncertainty in oil prices, we remain committed, following the President’s directive, to keeping subsidized fuel prices unchanged,” Bahlil said after a meeting at the Finance Ministry in Jakarta on Tuesday, August 11, 2026.","collect":0,"end_time":0,"defaultTopTitle":"tempo.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","PXE":"Invesco Energy Exploration & Production ETF","FBZ":"First Trust Brazil AlphaDEX Fund","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","DBE":"能源商品ETF-PowerShares","DUG":"二倍做空石油与天然气ETF(ProShares)","XLE":"SPDR能源指数ETF","BWET":"BREAKWAVE TANKER SHIPPING ETF","COLO":"GLOBAL X MSCI COLOMBIA ETF","DJP":"iPath Bloomberg Commodity Index Total Return ETN","COM":"Direxion Auspice Broad Commodity Strategy ETF","UGA":"United States Gasoline Fund LP","ERX":"二倍做多能源ETF-Direxion","FLBR":"Franklin FTSE Brazil ETF","IXC":"全球能源业ETF-iShares","VDE":"Vanguard Energy ETF","XOP":"油气开采指数ETF-SPDR S&P","BNO":"美国布伦特原油基金有限合伙企业","PXJ":"Invesco Oil & Gas Services ETF","CERY":"Spdr Bloomberg Enhanced Roll Yield Commodity Strategy NO K-1 Etf","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. 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Changes in ICP would instead affect non-subsidized fuel prices, he said.\n“Amid continued uncertainty in oil prices, we remain committed, following the President’s directive, to keeping subsidized fuel prices unchanged,” Bahlil said after a meeting at the Finance Ministry in Jakarta on Tuesday, August 11, 2026.\n\n\n\n\n\n\n\n\n\nNon-subsidized fuel prices, meanwhile, will continue to reflect global oil market developments. Bahlil said the government and state-owned energy company Pertamina would adjust non-subsidized fuel prices in response to changes in international oil prices.“If global prices fall, non-subsidized fuel prices can also be adjusted downward. If they rise, prices will be adjusted upward,” Bahlil said.Indonesia Crude Price FallsThe Energy and Mineral Resources Ministry previously set Indonesia’s ICP for July 2026 at US$81.68 per barrel, down US$1.77 from US$83.45 per barrel in June.Laode Sulaeman, the ministry’s director general of oil and gas, said the decline reflected easing geopolitical tensions in the Middle East and a gradual recovery in global oil supplies.“The July 2026 ICP of US$81.68 per barrel reflects adjustments in the global crude oil market following easing geopolitical tensions in the Middle East and the gradual recovery of global oil supplies,” Laode said in a statement on Tuesday.Despite the decline in ICP, Bahlil’s latest statement means subsidized fuel prices will remain unchanged, while consumers of non-subsidized fuels remain exposed to fluctuations in global oil prices.Fuel Prices as of August 1The following are fuel prices at several major fuel stations in Indonesia as of August 1, 2026:PertaminaPertalite: Rp10,000 per literSubsidized diesel: Rp6,800 per literPertamax: Rp15,950 per literPertamax Green 95: Rp16,600 per literPertamax Turbo: Rp18,300 per literDexlite: Rp19,700 per literPertamina Dex: Rp21,150 per literBP-AKRBP 92: Rp16,130 per literBP Ultimate: Rp16,760 per literBP Ultimate Diesel: Rp21,910 per literShellShell V-Power Diesel: Rp21,910 per literShell Super, Shell V-Power and Shell V-Power Nitro+: Not availableVivoVivo Revvo 92: Rp16,130 per literVivo Revvo 95: Rp16,760 per literVivo Diesel Primus: Rp21,910 per literRead: KAI Offers 17% Train Ticket Discount for Independence DayClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2658916873","isCrawlerRequest":true}