Jakarta (ANTARA) – Indonesian President Prabowo Subianto has ordered that subsidized fuel prices remain unchanged despite ongoing volatility in global crude oil markets.Energy and Mineral Resources Minister Bahlil Lahadalia said the directive was issued during a limited cabinet meeting at the Presidential Palace in Jakarta on Tuesday.”We also discussed global oil price trends, which continue to fluctuate significantly. The president has instructed us to ensure that subsidized fuel prices are not increased,” Bahlil told the press after the meeting.According to him, the government would also consider adjusting non-subsidized fuel prices if the Indonesian Crude Price (ICP) declines on the global market.”If global ICP prices drop, we will consider adjusting non-subsidized fuel prices in line with market rates. If prices fall, fuel prices should follow suit rather than increase,” the minister said.Oil prices plummeted by over 5 percent on Monday (August 3) after US President Donald Trump announced that peace talks with Iran would resume, calling off planned military strikes against the country.International benchmark Brent crude fell to around US$83.40 per barrel at 06:05 GMT on Monday, while US benchmark West Texas Intermediate (WTI) crude dropped 6 percent to US$79.60 per barrel.Oil prices fell sharply as rising hopes for renewed diplomacy eased concerns over potential disruptions to supply from the Middle East.Indonesia's state-run oil and gas company PT Pertamina had previously adjusted non-subsidized fuel prices in stages.As of August 1, 2026, the price of Pertamax declined from Rp16,250 to Rp15,950 per liter, Pertamax Green 95 decreased from Rp17,000 to Rp16,600 per liter, and Pertamax Turbo dropped from Rp19,300 to Rp18,300 per liter.Meanwhile, subsidized fuels such as Pertalite and Biosolar remain unchanged at Rp10,000 per liter and Rp6,800 per liter, respectively.