Indonesia\u2019s government has said there are no plans to raise\nsubsidised fuel prices amid a surge in global oil prices driven by\ngeopolitical tensions in the Middle East. Coordinating Economic Affairs\nMinister Airlangga Hartarto said the government is still monitoring the\nconflict between Iran and the US-led coalition and Israel. Airlangga\nstressed that the macro assumptions in the 2026 State Budget (APBN 2026)\nremain the main reference. At present, Indonesia\u2019s crude price, the\nIndonesian Crude Price (ICP), is pegged at US$70 per barrel. \u2018Not (to\nraise subsidised fuel prices). Our APBN assumption yesterday was US$70\nper barrel (ICP). So we will wait,\u2019 Airlangga said in Jakarta on\nThursday (5\/3). The government is currently preparing a number of\nscenarios to anticipate potential prolonged impacts of the Middle East\nconflict, which has entered its sixth day. Airlangga noted that the\nduration of the war is uncertain, necessitating caution. \u2018Until when?\nThe war could last three months, six months, or longer. So we are each\npreparing scenarios,\u2019 he added. This step is intended to ensure domestic\nenergy supply stability without directly burdening purchasing power\nthrough increases in subsidised fuel prices.<\/p>\n
Energy expert from Padjadjaran University, Yayan Satyakti, predicts\nglobal oil prices could rise to US$100 per barrel if the Hormuz Strait\nis closed. This strategic sea route connects the Persian Gulf with the\nGulf of Oman and is a major route for a fifth of the world\u2019s oil\nexports. The tensions escalated after the US and Israel launched\n\u2018Operation Epic Fury\u2019 against strategic facilities in Iran on 28\nFebruary 2026. This attack raises concerns about disruptions to global\nenergy supply that could push crude prices up by as much as 50 percent\nfrom current levels. Yayan urged the government to promptly recalculate\npotential increases in the subsidised budget if the ICP stays above\nUS$80 per barrel for an extended period.<\/p>\n
Energy and Mineral Resources Minister (ESDM) Bahlil Lahadalia\naffirmed that subsidised fuel prices for Pertalite will not rise. Police\nofficial, East Jakarta Metro Police Chief Brigadier General Alfian\nNurrizal, stated that a suspect in an assault of SPBU employees in\nCipinang, East Jakarta, tested positive for methamphetamine and cannabis\nafter a urine test. He cited a random inspection at SPBU KM 13 in\nBalikpapan Utara, East Kalimantan, where a 10-wheel truck was found\nfilling subsidised diesel with a quota of up to 120 litres per day.\nPertamina emphasised that subsidised fuel for fishermen is divided into\nJBT, JBKP and JBU. Fishermen should understand the differences to ensure\naccess to subsidised fuel targets. Reducing subsidised fuel quotas could\naffect several sectors.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/coordinating-minister-for-economic-affairs-airlangga-hartarto-says-subsidised-fuel-prices-will-not-rise-in-1772726837", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }