【SMM Flash News】ESDM Minister Bahlil Clarifies Non-Subsidized Fuel Pricing Mechanism Amid April Hike Rumors

Published: Mar 30, 2026 23:42
Indonesian Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia clarified that the pricing of non-subsidized fuels, such as high-octane RON 95 and 98 used by industries and upper-income groups, fluctuates according to global market trends as outlined in the 2022 ESDM regulations. Addressing rumors of a 10% price increase for non-subsidized fuels starting April 1, 2026, Bahlil emphasized that these adjustments follow market mechanisms and do not burden state finances or require official public announcements. Meanwhile, he assured that any decisions regarding subsidized fuels remain under the direct authority of President Prabowo Subianto, who continues to prioritize public purchasing power and social conditions.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn