Jakarta, May 20 -- Indonesia will not increase the prices of subsidized fuels, including Pertalite and Biosolar, despite rising crude oil prices and the weakening of rupiah, Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia stated on Tuesday (May 19).

"There will be no increase (in prices)," he said.

Bahlil stated that even though the average Indonesian Crude Price (ICP) in April 2026 was US$117.31 per barrel, subsidized fuel prices remained stable.

He was referring to the average Indonesian crude oil price from January 2026, which had not yet reached US$100 per barrel.

"Our current average ICP is approximately US$80-81 from January until now. So, it has not reached US$100 yet," Bahlil said.

Therefore, Bahlil reiterated t...