Gotrade News - The Indonesian government has confirmed that subsidized fuel prices will not increase until the end of 2026. This decision was announced by Finance Minister Purbaya Yudhi Sadewa during a meeting with the House of Representatives' Commission XI.
This step is crucial given the uncertainty in global oil prices triggered by the turmoil in the Middle East. Nonetheless, the government is confident with the budget resilience that has been prepared.
Purbaya emphasized that with the current budget, the government is prepared to maintain subsidized fuel prices even if global oil prices reach USD100 per barrel. This preparation is reportedly well-calculated.
Commission XI Chairman Mukhamad Misbakhun queried the government’s preparedness for various oil price scenarios. However, the Finance Minister remains committed to not raising the prices until the year’s end.
The government has prepared multiple fiscal simulations to tackle potential oil price hikes. The 2026 state budget, which assumes an oil price of USD70 per barrel, has been adjusted accordingly.
According to Purbaya, the current fiscal situation is strong enough to withstand higher global oil price pressures than initially assumed. This provides additional assurance to the public that fuel prices can be sustained.
The government also has a fiscal buffer to address higher oil price movements. Effective budget management is key in handling this situation.
Fuel price stability is crucial for the public, particularly in maintaining current purchasing power. With this approach, the government demonstrates its commitment to public welfare.
The statement from the Ministry of Finance is expected to alleviate public concerns regarding potential fuel price hikes.
Reference:
- MetroTV, Pemerintah Pastikan Harga BBM Gak Naik Sampai Akhir Tahun, Purbaya: Masyarakat Gak Usah Takut!. Accessed on April 6, 2026
- Berita Satu, Purbaya Pastikan Harga BBM Subsidi Tak Naik hingga Akhir 2026. Accessed on April 6, 2026
- Bloomberg Technoz, Purbaya Pastikan Harga BBM Subsidi Tak Naik Hingga Akhir Tahun. Accessed on April 6, 2026
Featured Image: GPT Image 1.5
