Bahlil Prepares 'Wise' Formulation for Non-Subsidised Fuel Prices

Energy and Mineral Resources Minister (ESDM) Bahlil Lahadalia has said the government is drafting a new formula, particularly concerning the adjustment of non-subsidised fuel prices, so that they remain fair to both the public and business entities.

Bahlil explained that non-subsidised fuel prices should in principle follow developments in global oil prices. On the other hand, however, the government does not want overly frequent price changes to harm the public or businesses.

“So in this situation we are looking for a sensible formula, one that does not burden the people, especially users of non-subsidised fuel, who make up 20% of the total. These are our wealthier fellow citizens. But we also do not want to burden businesses in the oil sector,” Bahlil said at the State Palace on Monday evening (20/7/2026).

He went on to say that his ministry would hold a meeting with Pertamina and other business entities before deciding on any adjustment to non-subsidised fuel prices. He also assured that there would be no increase in subsidised fuel prices.

“In fact, for certain types of fuel, when world prices fall, we have already begun asking private business entities, including Pertamina, to make adjustments promptly,” he said.

As is widely known, non-subsidised fuel prices are usually adjusted on the 1st of each month. Pertamax prices rose to Rp 16,250 per litre from 10 June 2026, the first increase since global crude prices surged following the war between Israel, the United States and Iran on 28 February 2026.

Brent crude prices surged to US$ 118 per barrel on 31 March 2026, then fell before rising again to US$ 118 per barrel on 29 April 2026.

However, since June 2026 the crude price trend has fallen below US$ 100 per barrel, to the US$ 70s per barrel. At the start of July 2026, Brent was at US$ 68.55 per barrel on 6 July 2026.

Fuel prices are usually determined based on oil prices, the Mean of Platts Singapore (MOPS) and the exchange rate over the two months preceding the current period. For fuel prices effective 1 August 2026, this means prices will be based on the average of these three factors over June and July 2026.

Fuel prices in July 2026

A number of fuel distribution companies simultaneously lowered non-subsidised fuel prices effective 1 July 2026. The price adjustments were made by Pertamina, Shell Indonesia, BP-AKR, Vivo Energy Indonesia and Mobil Indostation.

For example, at Pertamina stations in Jabodetabek, the price of Pertamax Turbo fell by Rp 1,450 per litre, from Rp 20,750 to Rp 19,300 per litre.

Meanwhile, Pertamax Dex fell by Rp 3,650 per litre, from Rp 24,800 to Rp 21,150 per litre, while Dexlite fell by Rp 3,300 per litre from Rp 23,000 to Rp 19,700 per litre.

Prices for Pertamax (RON 92) and Pertamax Green (RON 95) remained at Rp 16,250 and Rp 17,000 per litre respectively as of 1 July 2026. The same applied to subsidised fuels, with Pertalite (RON 90) still priced at Rp 10,000 per litre and subsidised diesel at Rp 6,800 per litre.

Beyond Pertamina, private fuel retailers also cut their prices. BP-AKR set the price of BP Ultimate Diesel at Rp 21,340 per litre, down from Rp 25,060 last month. However, RON 92 petrol remained at Rp 16,670 per litre and BP Ultimate at Rp 17,240 per litre.

Shell stations did likewise, particularly for diesel products. Shell V-Power Diesel is now priced at Rp 21,340 per litre, down from Rp 24,490 per litre last month.

Below is the latest list of fuel prices at all petrol stations, effective 1 July 2026:

Pertamina stations (DKI Jakarta):

Pertamax: Rp 16,250 per litre

Pertamax Green 95: Rp 17,000 per litre

Pertamax Turbo: Rp 19,300 per litre

Dexlite: Rp 19,700 per litre

Pertamina Dex: Rp 21,150 per litre

BP-AKR:

BP 92: Rp 16,670 per litre

BP Ultimate: Rp 17,240 per litre

BP Ultimate Diesel: Rp 21,340 per litre

Shell:

Shell V-Power Diesel: Rp 21,340 per litre

Shell Super: -

Shell V-Power: -

Shell V-Power Nitro+: -

Vivo stations:

Vivo Revvo 92: Rp 16,670 per litre

Vivo Revvo 95: Rp 17,240 per litre

Vivo Diesel Primus: Rp 21,340 per litre

Mobil Indostation stations:

Gasoline 92: Rp 16,670 per litre