Jakarta \u2014 Finance Minister Purbaya Yudhi Sadewa announced that the\ngovernment currently has no plans to raise subsidised fuel prices amid\nsurging global oil prices caused by the conflict between the United\nStates and Israel versus Iran.<\/p>\n
\u201cAs of now, there is no policy to change fuel subsidy arrangements,\nmeaning raising fuel prices,\u201d Purbaya told journalists in Jakarta on\nMonday.<\/p>\n
The minister stated that domestic oil supply remains sufficiently\nsecure, in line with statements from Energy and Mineral Resources\nMinister Bahlil Lahadalia.<\/p>\n
Purbaya noted that the average global oil price trajectory remains\nbelow the maximum capacity of the State Budget (APBN). This means,\naccording to the finance minister, the national budget remains adequate\nto absorb the impact of oil price volatility.<\/p>\n
Nevertheless, he committed to monitoring developments over the coming\nmonth and making decisions when necessary.<\/p>\n
\u201cIt is not yet time to make a decision, as we still have sufficient\nfunds,\u201d he added.<\/p>\n
The state treasurer urged the public to remain calm and trust\ngovernment policy in navigating global turbulence. Indonesia has\npreviously experienced oil price spikes, he noted.<\/p>\n
\u201cLet us see what the situation is like. After a month, we will\nforecast oil prices so that we can make appropriate policy decisions.\nTrust me on this\u2014I am quite capable. We have experienced high oil prices\nseveral times before, and the country did not collapse. Why? Because the\npolicy was appropriate,\u201d he said.<\/p>\n
In a separate statement, Bahlil confirmed that fuel supply remained\nreliable to meet public demand during the fasting period and Eid\nal-Fitr. He also guaranteed that the price of subsidised fuel,\nPertalite, would not increase despite global crude oil prices reaching\n118 US dollars per barrel.<\/p>\n
According to Sputnik, Brent crude reached 118 US dollars per barrel\nfor the first time since 17 June 2022.<\/p>\n
This price is higher compared with the average oil price in January\n2026, where Brent (ICE) stood at 64 US dollars per barrel and US WTI at\n57.87 US dollars per barrel.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-has-no-plans-to-raise-subsidised-fuel-prices-despite-oil-price-surge-1773050036", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }