Yesterday: Motor Conversion Incentives and Subsidised Fuel Price Policy
Jakarta — Various economic developments were reported by the ANTARA News Agency on Monday (9 March 2026), ranging from incentives for converting petrol motorcycles to electric motorcycles to subsidised fuel price policy.
Below is a summary of yesterday’s economic news worth noting this morning.
Bahlil to Provide Incentives for Petrol-to-Electric Motorcycle Conversion
Energy and Mineral Resources Minister Bahlil Lahadalia announced he will provide incentives for a programme converting petrol motorcycles to electric motorcycles, following similar initiatives previously undertaken by the Energy and Mineral Resources Ministry.
“Of course, the state will stand alongside society when converting from petrol to electric motorcycles. There will certainly be some sort of sweetener,” said Bahlil when met at the Energy and Mineral Resources Ministry office in Jakarta on Monday.
Rising Oil Prices Prompt Bahlil to Accelerate Mandatory Bioethanol Blending Policy
Energy and Mineral Resources Minister Bahlil Lahadalia announced plans to accelerate implementation of mandatory bioethanol blending into fuel oil, in response to surging global oil prices reaching $118 per barrel.
“If fossil oil prices exceed $100 per barrel, it becomes cheaper if we blend,” said Bahlil when met at the Energy and Mineral Resources Ministry office in Jakarta on Monday.
Ramadan Holiday Leads BEI to Adjust Free Float Implementation Timeline
Acting President Director of the Indonesia Stock Exchange (BEI) Jeffrey Hendrik announced that BEI will adjust the implementation timeline for the minimum 15 per cent free float requirement, given the numerous stock exchange holidays commemorating Eid al-Fitr 1447 Hijra.
He stated that the regulatory draft is currently under discussion with the Financial Services Authority (OJK), with BEI awaiting their approval.
On IHSG Weakness and Rupiah Depreciation, Purbaya: Indonesian Economy Remains in Expansion
Finance Minister Purbaya Yudhi Sadewa urged the public not to be concerned about the decline in the Composite Stock Price Index (IHSG) and the weakening rupiah, given that the national economy remains in expansion.
“The economy is in expansion. We are fiercely protecting purchasing power. Not a crisis, not even a recession, not even a slowdown. We are still expanding, still accelerating. That is what we continue to protect in the coming weeks,” said Purbaya to journalists in Jakarta on Monday.
Finance Minister Has No Plans to Increase Subsidised Fuel Prices Due to Rising Oil Prices
Finance Minister Purbaya Yudhi Sadewa stated that the government currently has no plans to increase subsidised fuel oil prices amid rising global oil prices resulting from the conflict between the United States and Israel versus Iran.
“Until now, there is no policy to change fuel subsidies, in the sense of raising fuel prices,” said Purbaya to journalists in Jakarta on Monday.