{
    "success": true,
    "data": {
        "id": 1772821,
        "msgid": "indonesia-keeps-fuel-price-unchanged-despite-dollar-surge-1780055717",
        "date": "2026-05-29 18:18:14",
        "title": "Indonesia keeps fuel price unchanged despite dollar surge",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Energy",
        "summary": "The Indonesian government has confirmed that subsidised fuel prices will remain unchanged until the end of 2026, citing secure stock levels and a current average Indonesian Crude Price below the critical threshold. Despite the rupiah's recent depreciation against the US dollar and a Bank Indonesia rate hike, officials emphasise that domestic production and refinery projects are being prioritised to mitigate currency pressures.",
        "content": "<p>\u201cWe have already stated that subsidized fuel prices will not increase\nuntil the end of the year,\u201d Yuliot said at the ministry\u2019s office in\nJakarta on Friday.<\/p>\n<p>He emphasized that national fuel stocks remain secure and are\ncurrently above the minimum reserve threshold of 23 days, including\nsupplies of non-subsidized fuel.<\/p>\n<p>\u201cFor Pertalite, reserves are far above the minimum level, and the\nsame applies to CN48 diesel,\u201d he said.<\/p>\n<p>To address the rupiah\u2019s depreciation against the US dollar, Yuliot\nnoted that the government continues to push for increased domestic oil\nproduction while also preparing refinery development projects within the\ncountry.<\/p>\n<p>\u201cWe are encouraging higher domestic production, and we have also\nprepared domestic refinery projects,\u201d he added.<\/p>\n<p>The rupiah recently breached a new psychological level, trading in\nthe Rp17,700\u2013Rp17,800 range against the US dollar. This occurred despite\nBank Indonesia raising its benchmark interest rate, or BI-Rate, by 50\nbasis points to 5.25 percent in an effort to stabilize the currency.<\/p>\n<p>According to Bank Indonesia\u2019s transaction exchange rate data accessed\non Friday, the US dollar reached Rp17,877 against the rupiah.<\/p>\n<p>Meanwhile, Energy and Mineral Resources Minister Bahlil Lahadalia\nstated that subsidized fuel prices remain secure even though the average\nIndonesian Crude Price (ICP) in April 2026 reached US$117.31 per\nbarrel.<\/p>\n<p>However, he noted that the average ICP since January has remained\naround US$80\u201381 per barrel, below the government\u2019s US$100 threshold.<\/p>\n<p>\u201cOur average ICP from January until now is around US$80\u201381 per\nbarrel, so it has not reached US$100,\u201d Bahlil said.<\/p>\n<p>He therefore reiterated that subsidized fuel prices are expected to\nremain stable through the end of 2026.<\/p>\n<p>Related news: Indonesia keeps fuel prices steady despite rising crude\noil costs<\/p>\n<p>Related news: Gov\u2019t maintains subsidized fuel price, prioritizes\naffordability: VP<\/p>\n<p>Translator: Putu Indah, Kuntum Khaira<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-keeps-fuel-price-unchanged-despite-dollar-surge-1780055717",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}