Prepare for Potential Increase in Non-Subsidised Fuel Prices from 1 October 2026
The Ministry of Energy and Mineral Resources (ESDM) has revealed that non-subsidised fuel prices are potentially facing adjustments starting 1 October 2026. This follows the recent rise in global crude oil prices.
Deputy Minister of Energy and Mineral Resources, Yuliot Tanjung, stated that the prices of non-subsidised fuels, such as Pertamax, follow market developments. Consequently, the increase in global crude oil prices could lead to a rise in non-subsidised fuel prices, as business entities routinely evaluate adjustments on the 1st of every month.
“These are non-subsidised fuels, which adjust to market prices. Therefore, what we observe is the average adjustment over a one-month period,” said Yuliot when met at the Kalibata Heroes Cemetery on Tuesday (29/09/2026).
However, Yuliot did not provide specific details regarding the magnitude of the potential price hike. He merely confirmed that non-subsidised fuel prices would undergo adjustments for the October 2026 period. “Yes, there will be adjustments,” he noted.
Meanwhile, for subsidised fuels such as Pertalite and Biosolar (subsidised diesel), it has been confirmed that there will be no price increases until the end of 2026.
According to Refinitiv, global oil prices rose for the second consecutive day on Tuesday (29/09/2026), driven by supply disruption concerns stemming from the US-Iran conflict.
As of Tuesday at 10:39 WIB, Brent crude rose by 1.5% to US$106.9 per barrel, while WTI crude strengthened by 1.4% to US$93.91 per barrel.
In Tuesday’s trading (28/09/2026), Brent crude prices had strengthened by 0.9% to US$105.28 per troy ounce, while WTI prices climbed by 0.2% to US$92.6 per barrel.
This increase occurs despite Middle Eastern oil exports rising to 12.8 million barrels per day in September, the highest level since February. Uncertainty regarding US-Iran negotiations and the potential for escalation in the Strait of Hormuz continues to shadow the global energy supply.