{
    "success": true,
    "data": {
        "id": 1825802,
        "msgid": "bahlil-reveals-one-source-to-patch-swelling-energy-subsidies-1782471146",
        "date": "2026-06-26 17:25:00",
        "title": "Bahlil Reveals One Source to 'Patch' Swelling Energy Subsidies",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Energy Minister Bahlil Lahadalia has outlined strategies to cover the rising cost of energy subsidies without increasing fuel prices. Additional state revenue from higher oil and gas income, driven by elevated global crude prices, will be combined with increased royalty rates for nickel, coal, and other commodities. The combined measures from the energy sector are expected to generate approximately Rp160 trillion to offset the subsidy burden.",
        "content": "<p>Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia\nrevealed that the government has prepared a number of strategies to\ncover the surge in energy subsidy needs, primarily due to rising global\noil prices, without raising the price of subsidised fuel.<\/p>\n<p>According to him, one source of additional state revenue comes from\nincreased oil and gas income when the Indonesian Crude Price (ICP)\nrises. \u201cIf our ICP is USD 70 per barrel, state revenue from oil and gas\nis around USD 10.8 billion. If the ICP is USD 100 per barrel, state\nrevenue becomes USD 17.6 billion. That means there is a saving of USD 7\nbillion from that revenue,\u201d Bahlil said at the CNBC Indonesia Energy\nForum in Jakarta on Thursday.<\/p>\n<p>He detailed that with an assumed exchange rate of around Rp17,500 per\nUS dollar, the additional revenue amounts to roughly Rp120 trillion to\nRp130 trillion. However, this only covers about half of the required\nadditional subsidy.<\/p>\n<p>Therefore, his ministry is seeking other revenue sources from the\nmineral and coal sector. One of the steps is adjusting the royalty rates\nfor nickel, coal, and other commodities. \u201cI then adjusted the royalties\nfor nickel, coal, and other commodities. From there, we got an\nadditional Rp30 trillion to Rp35 trillion. So the total is Rp160\ntrillion from the ESDM sector to patch the additional subsidy without\nraising fuel prices,\u201d Bahlil explained.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bahlil-reveals-one-source-to-patch-swelling-energy-subsidies-1782471146",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}