Energy Minister Reiterates No Fuel Price Increase This Eid Season

Jakarta — Energy and Mineral Resources Minister Bahlil Lahadalia has reiterated that the price of subsidised fuel will not increase through Eid al-Fitr, despite global oil supplies being roiled by escalating conflict in the Middle East.

According to the minister, the government has ensured national fuel reserves remain in a safe condition, allowing the public to navigate Ramadan and Eid without concern.

“Clearly for Eid, we must think about Eid first. For this Eid, God willing there will be no fuel price increase for subsidised products and our reserves have no problems,” said Bahlil at the Energy and Mineral Resources Ministry on Tuesday, 10 March 2026.

He also requested that the public avoid misinterpreting information regarding national fuel reserves. According to him, the reserve figures often cited as approximately 21 to 23 days do not mean supplies will be depleted within that timeframe.

“Don’t distort this as if 21 or 23 days means it’s all gone. No, that’s our buffer stock, but supplies keep arriving. We keep producing, imports keep coming in. So please don’t distort this,” said Bahlil.

Concerns about disruptions to global energy supplies have triggered panic-buying of fuel not only in several Indonesian regions but also in numerous countries worldwide.

This phenomenon emerged following escalation of Middle East conflict between the United States-Israel and Iran, raising concerns about a prolonged closure of the Strait of Hormuz, a vital shipping lane through which approximately 20 per cent of global oil trade passes.

Several countries have begun reporting long queues of vehicles at fuel stations, as the public fears fuel prices will spike or supplies will be disrupted.