Indonesia’s Minister of Energy and Mineral Resources Bahlil Lahadalia said in Ambon, Maluku on November 7, 2026 that subsidized fuel prices will not rise before December 31, 2026, regardless of global oil price movements. The commitment follows a directive from President Prabowo Subianto and fixes retail prices for subsidy recipients through year-end, so any gap with market-based fuel costs falls on government subsidies.
Key Facts At A Glance
- Bahlil said subsidized fuel prices will stay the same until December 31, 2026, whatever happens to global prices.
- He made the statement on November 7, 2026, at the inauguration of the Golkar Party’s Maluku regional board in Ambon.
- He said the decision follows President Prabowo Subianto’s instruction not to add to the burden on subsidy recipients.
- He said subsidies will continue, including for LPG.
- Subsidized Biosolar diesel remains at Rp6,800 per liter.
- He said the market-based price of some fuel types would by now exceed Rp20,000 per liter.
- He asked the downstream regulator BPH Migas to raise kerosene quotas for Maluku ahead of Christmas 2026 and New Year 2027.
Indonesia’s Minister of Energy and Mineral Resources Bahlil Lahadalia said on November 7, 2026 that subsidized fuel prices will remain unchanged until December 31, 2026, regardless of global oil prices. He spoke at the inauguration of the Golkar Party’s Maluku regional board in Ambon, and the event was broadcast on the Kabar Golkar YouTube channel. Bahlil, who is also Coordinating Minister for Downstreaming and Energy Transition, said the government will keep subsidies in place, including for LPG, while the global geopolitical situation remains uncertain.
Presidential Directive
Bahlil said the decision follows a directive from President Prabowo Subianto, who asked him to set an energy policy that does not place too heavy a burden on people entitled to subsidies. The commitment repeats a position Bahlil stated at a press conference at the Ministry of Energy and Mineral Resources on October 26, 2026. There, he said the President had instructed that subsidized fuel prices must not rise before the end of the year.
Bahlil said that, by his calculation, the market-based price of some fuel types would now exceed Rp20,000 per liter. Subsidized Biosolar diesel remains at Rp6,800 per liter. He did not specify which fuel products his Rp20,000 figure referred to.
Supply And Distribution Measures
Alongside the price commitment, Bahlil called for more supply and a stronger fuel distribution fleet to meet demand. The government said it wants subsidized and compensated fuel distributed only to eligible recipients and within set volumes. Bahlil also stressed closer oversight of distribution so that subsidies reach those entitled to them.
For Maluku, Bahlil asked the Downstream Oil and Gas Regulatory Agency (BPH Migas) to increase the province’s kerosene quota ahead of Christmas 2026 and New Year 2027. He said a larger quota should prevent a repeat of kerosene supply problems in the province.
Details Not Yet Disclosed
Publicly available reporting did not include the projected fiscal cost of holding prices through year-end, any change to subsidy volume quotas at the national level, or the pricing policy that will apply after December 31, 2026. Details on these points remain limited.