The economic cost of subsidized Pertalite fuel has climbed to Rp 18.102 per liter by October 2026, while the government maintains its retail price at Rp 10.000 per liter amid global crude price volatility and fiscal pressures.
Subsidies Reach Rp 415,8 Trillion
- Energy and non-energy subsidies reached Rp 415,8 trillion by October 31, 2026.
- The Indonesian Crude Price averaged US$ 94,4 per barel, exceeding the macroeconomic assumption of US$ 70 per barel set in the state budget.
- The retail price for subsidized Solar remains at Rp 6.800 per liter, compared to its economic cost of Rp 21.457 per liter.
Government Monitors World Oil Price Movements
Minister of Finance Suahasil Nazara said that the government continues to monitor the impact of world oil price movements on the state budget. Speaking at a press conference on November 13, 2026, Suahasil explained that Brent crude peaked near US$ 115 to US$ 116 per barel before registering at US$ 92,06 per barel on November 10, detikFinance reported.
“Kalau 10 November kita catat harga Brent itu US$ 92,06 per barel, dan itu kita harus waspadai terus karena perurunan ini, karena dampaknya bagi APBN adalah dampak rata-rata setahun. Jadi kalau kena tinggi, berarti rata-rata setahunnya akan terkeret naik. Tapi kalau dia turun, berarti rata-rata setahunnya tidak setinggi yang kita lihat atau kita mulai waspadai,” Minister of Finance Suahasil Nazara told detikFinance.
“Harga minyak Brent, kita lihat puncaknya itu pernah hampir menyentuh US$ 115-116 per barel, dan kita tahu semuanya memberikan tekanan kepada APBN kita,” ujar Suahasil dalam konferensi pers APBN Kita, Jakarta Pusat, Jumat (13/11/2026).
This escalation stems from geopolitical tensions and war involving the United States and Iran that began early in the year, according to kumparan. The resulting price divergence between controlled retail rates and actual market costs has expanded state expenditure for energy compensation.
| Fuel Type | Government Retail Price | Economic Cost |
|---|---|---|
| Pertalite | Rp 10.000 / liter | Rp 18.102 / liter |
| Solar | Rp 6.800 / liter | Rp 21.457 / liter |
Subsidies Maintained Through December
Minister Coordinator for Economic Affairs Airlangga Hartarto said that fuel subsidies remain secure until the end of 2026 despite the rupiah weakening against the United States dollar, kupang.antaranews.com reported. The rupiah moved down 90 points or 0,50 percent to close at Rp 18.239 per dollar on Thursday.
“Ya, kita lihat kan masih naik-turun, dan selama harga minyak secara global masih dibeli di harga 92 dolar AS sampai 93 dolar AS (per barel) dan rupiah di level ini (BBM subsidi) relatif sampai Desember, masih aman,” kata Airlangga saat ditemui di Jakarta.
Government calculations indicate the budget can absorb average annual oil prices up to US$ 100 per barel. Meanwhile, non-energy allocations also saw increases, including subsidized fertilizer distribution reaching 7,1 million tons and People’s Business Credit expanding to 4,2 million debtors, as reported by kumparan.
Energy Pricing Across Regions
While subsidized fuel prices remain constant, non-subsidized options such as Pertamax continue to fluctuate based on regional motor vehicle fuel taxes administered locally. As noted by Kompas, Pertamax retailed at Rp 15.950 per liter in Jakarta and surrounding provinces on November 13, 2026, and reached Rp 16.650 per liter in regions like Riau and South Kalimantan.
Suahasil emphasized that the widening gap between retail caps and economic costs is absorbed directly by state revenues.
“Selisih harganya, Pertalite maupun Solar, ini ditanggung oleh APBN, ditanggung oleh para pembayar pajak. Makanya tadi saya ucapkan terima kasih kepada para pembayar pajak Indonesia,” tegas Suahasil, according to kumparan.
Realized distribution for subsidized fuel reached 15.244 thousand kiloliters by October 2026, marking a 9,5 percent increase year-on-year.
Subsidies Increase for Fuel, LPG, Electricity and Fertilizer
Energy and non-energy subsidy realization reached Rp 415,8 trillion up to October 31, 2026, higher than the Rp 315 trillion recorded during the same period in the previous year, as reported by kumparan and detikFinance.
In addition to fuel, energy subsidies covered 3 kg LPG reaching millions with a 2,3 percent year-on-year increase, and electricity provided to 43,5 million customers with a 2,3 percent year-on-year increase. Non-energy subsidies included 7,1 million tons of subsidized fertilizer, reflecting a 9,7 percent year-on-year rise, and People’s Business Credit channeled to 4,2 million debtors, marking a 7,7 percent year-on-year increase, according to kumparan.
Minister Coordinator for Economic Affairs Airlangga Hartarto was met at the Ministry of Economic Affairs Office in Jakarta on Thursday, November 12, 2026, alongside reports published by ANTARA.
/data/photo/2025/09/18/68cbe65202ce8.jpeg "Photo: Kompas")
Minister of Finance Suahasil Nazara and his team attended the APBN KiTa press conference at the Ministry of Finance in Jakarta on Friday, November 13, 2026, as noted by detikFinance and kumparan.
“Harga minyak mentah Indonesia rata-rata tahunnya US$ 94,4 per barel, lifting minyak kita dan lifting gas kita ada di bawah dari asumsi makro APBN,” Minister of Finance Suahasil Nazara said.
Fuel prices in various regions also differ due to varying Motor Vehicle Fuel Tax rates established by respective regional governments, as reported by Kompas.
The latest updates regarding fuel prices can be monitored through the official Pertamina Patra Niaga channels or the MyPertamina application, according to Kompas.
