nergy and Mineral Resources Minister Bahlil Lahadalia has warned prices of non-subsidized fuels could rise again as global oil prices remain volatile.
He emphasized that the government had the authority to stabilize subsidized fuel prices, while non-subsidized fuels follow market movements and are adjusted gradually.
“If global oil prices fall, then Pertamax prices won’t go up. But if prices keep rising like this, then adjustments are very likely,” Bahlil told reporters on Monday, referring to state-owned RON-92 Pertamax gasoline brand, as quoted by Kompas.com.
He also pointed to the Indonesia Crude Price (ICP) as a key benchmark for domestic fuel prices, with swings directly feeding into non-subsidized fuel prices.
The ICP averaged US$102.26 per barrel in March 2026, up by $33.47 per barrel, nearly 49 percent from February, according to the energy ministry.
Read also: Nonsubsidized fuel prices hiked sharply as supply strains worsen
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On April 18, state-owned energy firm Pertamina increased prices for three non-subsidized products: RON-98 Pertamax Turbo, Dexlite and Pertamina Dex. According to Pertamina’s website, the price of Pertamax Turbo gasoline in Jakarta was raised to Rp 19,400 ($1.13) per liter, a steep 48 percent increase from Rp 13,100.
