Bahlil says non-subsidized fuel prices may fall if global oil weakens

Energy Minister Bahlil Lahadalia said non-subsidized fuel prices could drop if world crude oil prices keep weakening. The government will soon hold talks with PT Pertamina and other providers to discuss adjustments.

Bahlil made the remarks at the Presidential Palace complex in central Jakarta on Monday, 20 July 2026. He said the government is still calculating the impact of fluctuating Indonesian and global oil prices before deciding on any change.

Bahlil stressed the need to balance consumer interests with industry sustainability. He noted that non-subsidized fuel accounts for 20 percent of total consumption and involves more affluent users.

The minister also reported to President Prabowo Subianto on crude oil and fuel procurement cooperation with several countries. National energy supply is secure until year-end and subsidized fuel will not rise.

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Gas station pumps displaying the increased Pertamax fuel price of Rp16,250 per liter.
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Pertamax price rises to Rp16,250 per liter from June 10

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Pertamina raised prices of non-subsidized fuels Pertamax and Pertamax Green starting June 10, 2026. The adjustment aligns with market prices and the rupiah exchange rate.

PT Pertamina (Persero) adjusted nonsubsidized fuel prices starting June 1 2026. Some types saw decreases while others rose.

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PT Pertamina (Persero) adjusted non-subsidized fuel prices effective July 1 2026. Products including Pertamax Turbo, Dexlite, and Pertamina Dex saw reductions, while Pertamax remained stable in several regions.

South Korea lowered price ceilings on fuel products on Friday. Finance Minister Koo Yun-cheol vowed to freeze electricity and gas rates in the second half of the year.

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The Department of Energy announced significant fuel price hikes on July 20 that took effect the following day amid ongoing global oil market pressures from West Asia tensions.

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