Bahlil Affirms Subsidised Fuel Prices Will Not Rise Until End of 2026
The government has assured that subsidised fuel prices will not increase until the end of 2026. Minister of Energy and Mineral Resources Bahlil Lahadalia reiterated this during a meeting with journalists at the State Palace in Jakarta on Thursday (16/4/2026).
Bahlil explained that the policy takes into account the current state of the national energy supply. According to him, the energy supply remains secure, and global oil price movements are relatively controlled. The government is also strengthening energy resilience by securing supplies from various countries, including Russia.
“It is secure; I convey to the public that, God willing, our stocks are above the minimum standard, whether diesel, petrol, or LPG, God willing, it is secure. Once again, I say that we have agreed on the directive from the President that subsidised fuel prices will not be raised until the end of the year,” said the Minister of Energy and Mineral Resources.
He detailed that national fuel consumption reaches around 1.6 million barrels per day, while domestic production is only between 600,000 and 610,000 barrels per day. This gap means Indonesia still imports about 1 million barrels per day.
To cover the shortfall, the government is expanding energy supply sources from various countries. One step taken is to strengthen cooperation with Russia, including the procurement of crude oil and the development of energy infrastructure.
“For crude, one year from this month until December, God willing, it is already secure,” Bahlil stated.
He added that the national crude needs amount to around 300 million barrels per year, so the government must be flexible in determining the most beneficial supply sources. On the other hand, the government is also diversifying LPG supplies. Indonesia still imports about 7 million tonnes of LPG per year, thus requiring additional alternative supply sources.
According to Bahlil, discussions on crude supplies with Russia are nearing the final stage, while cooperation regarding LPG and infrastructure investment is still in the ongoing process. The government, he continued, continues to prioritise the principle of active free politics in energy cooperation by opening opportunities for partnerships with various countries, including Russia, Africa, and the United States.
The Minister of Energy and Mineral Resources also reported to President Prabowo Subianto regarding the arrangement of mining business permits in forest areas, which has entered the execution stage after a one-week evaluation. This step is part of the improvement in governance of the energy and natural resources sector.