{
    "success": true,
    "data": {
        "id": 1603047,
        "msgid": "minister-warns-against-fuel-panic-buying-confirms-sufficient-supply-1773157940",
        "date": "2026-03-10 22:16:01",
        "title": "Minister warns against fuel panic buying, confirms sufficient supply",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's energy minister has reassured the public that domestic fuel stocks are sufficient and urged against panic buying, despite geopolitical tensions in the Middle East affecting global oil markets. The government has also committed to maintaining current subsidised fuel prices until mid-March Eid al-Fitr celebrations, with finance officials confirming that the subsidy budget remains secure despite crude oil prices surging above US$100 per barrel.",
        "content": "<p>He explained that domestic fuel stocks are still sufficient and safe\nto meet public needs.<\/p>\n<p>\u201cThere is no need for panic buying. Our fuel stocks are sufficient.\nWhat we previously meant by 21 to 25 days is our storage capacity, but\nthe stock will come later. Industry runs as usual and our import is\nstill on track,\u201d he remarked when met at the Presidential Palace on\nTuesday.<\/p>\n<p>Despite the crisis in the Gulf countries, coupled with restrictions\non access to the Strait of Hormuz by the Iranian Navy, he ensured that\nIndonesia\u2019s fuel supply is still believed to be secure.<\/p>\n<p>\u201cIn the Middle East, we only (import) crude oil, while we import\nfinished oil from Southeast Asian countries and produce it domestically.\nThere is no need for panic buying,\u201d Lahadalia continued.<\/p>\n<p>He also confirmed no hike in subsidized fuel prices until Eid al-Fitr\n1447 in mid-March, even though global crude oil prices have soared to\nover US$100 per barrel.<\/p>\n<p>\u201cRegarding fuel subsidies, there will be no increase until Eid\nal-Fitr. We ensure that amidst global crude oil prices increase,\nsubsidies remain the same,\u201d he stated.<\/p>\n<p>On the same occasion, Finance Minister Purbaya Yudhi Sadewa explained\nthat the budget for fuel subsidies, especially during Ramadan and Eid\nal-Fitr, remains secure.<\/p>\n<p>\u201cWe are still safe, still strong. This increase has only been going\non for a few days while we have been subsidizing for a full year. Our\nassumption is that the annual average is 70 (US$ per barrel). This is\nonly a few days and not affecting our budget,\u201d he pointed out.<\/p>\n<p>Related news: No price hike in subsidized fuel until Eid al-Fitr:\nMinister Lahadalia<\/p>\n<p>Related news: Gov\u2019t adopts cautious approach to rising global oil\nprices<\/p>\n<p>Related news: RI Govt may raise subsidized fuel if global oil prices\nsurge<\/p>\n<p>Translator: Genta Tenri\/Andi Firdaus, Resinta S<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/minister-warns-against-fuel-panic-buying-confirms-sufficient-supply-1773157940",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}