Full Statement from Dasco: Subsidised and Non-Subsidised Fuel Prices Will Not Rise Tomorrow
Jakarta, CNBC Indonesia - Deputy Speaker of the House from the Gerindra Faction, Sufmi Dasco Ahmad, held a press conference today, Tuesday (31/3/2026), at the DPR RI Building to amplify the government’s statement that prices for subsidised Fuel Oil (BBM) and non-subsidised BBM will not rise tomorrow, Wednesday, 1 April 2026.
He emphasised this statement following information that the public has begun panic buying or flocking to various petrol stations due to speculation of a fuel price increase on 1 April 2026. He noted that this panic buying has caused queues at several petrol stations to snake around.
“Just now, the Minister of State Secretary announced on behalf of the government that the government has no plans to adjust the prices of subsidised BBM or non-subsidised BBM, despite rumours circulating among the public about an adjustment on 1 April tomorrow,” Dasco said.
Therefore, he stressed that with this reaffirmation, the public does not need to flock to petrol stations to buy BBM, especially buying in amounts not matching their needs just to stockpile.
“This means that starting tomorrow, the same prices will still apply, so the public does not need to panic, does not need to queue up, and especially not to hoard BBM,” Dasco stated.
The DPR, he emphasised, has also communicated with the government under President Prabowo Subianto’s leadership to ensure the availability of BBM is maintained, amid the Iran-Israel and United States conflict that is disrupting global energy prices and supplies.
“The result of communication with the government is President Prabowo’s commitment to continue monitoring and maintaining the public’s needs for BBM. And once again, we convey this aspiration to the government,” he explained.
Nevertheless, Dasco could not yet confirm how long the government can maintain the current subsidised and non-subsidised BBM prices. He only stressed that the government has assured that domestic BBM stocks are sufficient.
“So if we ask how long, if you ask me, I don’t know yet, perhaps the government knows, but what is certain is that the government is focused on maintaining it. I just asked, it seems not, because according to the government side, our stocks are sufficient,” he explained.
For information, global oil prices are still holding at high levels in Tuesday (31/3/2026) morning trading, amid escalating conflicts heating up in the Middle East. As of 09.40 WIB, Brent crude oil was recorded at US$112.32 per barrel, while West Texas Intermediate (WTI) stood at US$102.53 per barrel, citing Refinitiv data.
In daily movements, oil prices are indeed tending to move slightly compared to the previous day’s position. However, if pulled back further, the upward trend is still clearly visible.
In the past week, Brent has surged from around US$99.94 per barrel on 23 March to above US$112 per barrel, while WTI rose from US$88.13 to above US$102 per barrel, indicating a sharp spike in a short time.
This increase is inseparable from the heating up of the conflict between Iran, the United States, and Israel, which is now beginning to directly impact global energy distribution routes. Citing Reuters, a giant oil tanker was reported to have caught fire after being hit by a drone attack off the coast of Dubai. The ship was carrying around 2 million barrels of oil—a value exceeding US$200 million at current prices.
This incident is part of a series of attacks on ships in the Gulf and Strait of Hormuz areas since late February. This narrow route is not just an ordinary geographical point—about one-fifth of global oil and gas supplies pass through that region. Any disruption, no matter how small, directly triggers price spikes and market panic.