{
    "success": true,
    "data": {
        "id": 1676926,
        "msgid": "oil-prices-poised-to-surge-indonesia-urged-to-prepare-anticipatory-measures-1776163861",
        "date": "2026-04-14 17:08:44",
        "title": "Oil Prices Poised to Surge, Indonesia Urged to Prepare Anticipatory Measures",
        "author": "Gita Amanda",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Energy",
        "summary": "Amid stalled US-Iran negotiations and ongoing Middle East tensions, global oil prices are at risk of spiking to $110\u2013120 per barrel, prompting calls for the Indonesian government to reassess its energy budget and subsidised fuel pricing strategies. Energy Shift Institute Director Putra Adhiguna highlights the discrepancy between physical market prices in the Middle East and reference benchmarks, urging caution to avoid burdening state oil firm Pertamina while other nations gradually adjust fuel prices. Finance Minister Purbaya Yudhi Sadewa has assured no increases in subsidised fuel prices until year-end, assuming oil at $100 per barrel, though non-subsidised prices remain unpredictable.",
        "content": "<p>Director of the Energy Shift Institute, Putra Adhiguna, believes the\ngovernment needs to evaluate and prepare strategies to address the\npotential surge in global oil prices. This follows the failure of\nnegotiations between the United States (US) and Iran in Islamabad,\nPakistan, on Sunday (12\/4\/2025). \u201cThe intention to hold subsidised fuel\nprices is commendable, but now we need to anticipate price factors\nbecause since the crisis began, there has been a significant difference\nbetween oil prices in the Middle East physical market and the\ncirculating reference prices,\u201d said Putra on Tuesday (14\/4\/2026). He\nexplained that since the start of the conflict until now, there remains\na gap between prices in the Middle East physical market and circulating\nreference prices, so global oil prices still have the potential to\ncontinue rising. This gap, he continued, is influenced by the movement\nof oil tanker ships from the Middle East that are still en route, so the\nimpact of the latest prices has not yet fully reflected in the market.\n\u201cReference oil prices like Brent appear not yet to have internalised the\nchanges because there is still a time lag from ships that have been\nsailing since early March,\u201d he stated. Putra added that several\ncountries have begun adjusting fuel prices gradually. Therefore, the\nIndonesian government needs to evaluate the energy budget posture in the\nState Revenue and Expenditure Budget (APBN). \u201cOther countries are slowly\ntrying to adjust prices gradually, so the government needs to\ncontinuously evaluate APBN capacity and be cautious not to shift the\nburden to Pertamina,\u201d explained Putra. He projected that if the conflict\ndoes not subside, global oil prices could potentially breach the\n$110\u2013120 per barrel range. Previously, Finance Minister Purbaya Yudhi\nSadewa assured that subsidised fuel prices would not rise until the end\nof this year, despite the increase in global oil prices due to\nescalating geopolitical conflicts. However, he emphasised that the\ngovernment cannot predict or guarantee the dynamics of non-subsidised\nfuel prices as they are not included in the government\u2019s price control\nscheme. \u201cWe are prepared not to raise prices until the end of the year\nfor subsidised fuel, assuming an average oil price of $100 per barrel\nuntil year-end, which has already been calculated,\u201d said Purbaya during\na working meeting with Commission XI of the House of Representatives\n(DPR RI) in Jakarta on Monday. He added that the government has prepared\nmitigation steps and calculated APBN resilience in various oil price\nscenarios, both at $80 per barrel and $100 per barrel.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/oil-prices-poised-to-surge-indonesia-urged-to-prepare-anticipatory-measures-1776163861",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}