Indonesia gives 44% fuel price rise nod
Indonesia has approved a controversial fuel price rise to slash its ballooning subsidy bill
The move, approved by parliament, will see gasoline prices increase by 44% from 4,500 rupiah ($0.45) per litre to 6,500 rupiah/l, while diesel will edge up 11% to 5,000 rupiah/l, according to data from IHS Global Insights. Analysts at Nomura have estimated that the proposed price rise would trim the subsidy bill by 60 trillion rupiah to 228 trillion rupiah this year. But despite cash handouts to mitigate the effect on the poor, nationwide protests could still derail the plan, which has yet to be formally implemented by President Susilo Bambang Yudhoyono. Subsidies are driving demand, but as international crude prices trended higher, have depleted the state budget. The bill has risen dramatic
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
