{
    "success": true,
    "data": {
        "id": 1625281,
        "msgid": "finance-minister-assures-subsidised-fuel-prices-will-not-rise-despite-high-oil-prices-1773928282",
        "date": "2026-03-19 20:24:04",
        "title": "Finance Minister Assures Subsidised Fuel Prices Will Not Rise Despite High Oil Prices",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian government has pledged to keep subsidised fuel prices unchanged despite global oil prices exceeding $100 per barrel, with Finance Minister Purbaya Yudhi Sadewa stating that the state budget (APBN) will absorb the resulting economic pressures to shield the public from additional burdens. This approach, embedded in the annual subsidy framework, includes measures like expenditure savings and revenue enhancements to maintain fiscal health. By acting as a 'shock absorber', the APBN aims to prevent panic and ensure normal economic activities, contrasting with disruptions seen in other countries.",
        "content": "<p>Jakarta (ANTARA) - The government has assured that subsidised fuel\nprices will not increase even though global oil prices are currently\nabove $100 per barrel. Finance Minister Purbaya Yudhi Sadewa emphasised\nthat the government will absorb the pressure from rising energy costs\nthrough the State Revenue and Expenditure Budget (APBN) to avoid\nburdening the public. \u201cNo (fuel prices will not rise). So we absorb the\npressure on the economy in the APBN. If we release it, then like other\ncountries, people will panic,\u201d said Purbaya at the Presidential Palace\nComplex in Jakarta on Thursday. He explained that the energy subsidy\nmechanism has been designed within the annual framework, so the impact\nof global oil price fluctuations has already been accounted for in the\nbudget structure. According to him, the government has prepared various\nsteps to maintain fiscal health, both through spending savings and\nincreasing state revenues. \u201cOur subsidies are regulated and calculated\nfor the full year. Even with current prices, we have assumed what the\nimpact on the APBN will be. We will take steps, whether savings or\nincreasing revenues, so that our APBN remains safe, and up to now, the\ncalculations are still safe,\u201d he clarified. Purbaya stressed the\nimportant role of the APBN as a buffer against shocks so that public\neconomic activities can continue normally without a surge in cost\nburdens. He reminded that if energy pressures were directly passed on to\nthe public, it could trigger panic as seen in several other countries.\n\u201cSo the public must understand that the APBN absorbs shocks like this,\nallowing people to continue their businesses and activities without\nexcessive burden increases. That\u2019s sometimes forgotten by people,\u201d said\nPurbaya.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-assures-subsidised-fuel-prices-will-not-rise-despite-high-oil-prices-1773928282",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}