Guaranteeing No Fuel Price Hike, Purbaya Suddenly Receives Thumbs Up from DPR

Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa received a round of applause from Commission XI DPR members when he stated that the 2026 state budget is strong enough to ensure that subsidised fuel prices will not rise, despite average crude oil prices reaching US$100 until the end of this year.

He explained that, with the highly volatile global crude oil prices due to the war between the United States (US) and Israel with Iran, and exceeding the 2026 state budget’s macroeconomic assumption of US$70 per barrel, the budget’s resilience remains very strong with layered safeguards sufficient to compensate for the pressures.

“We are prepared not to raise them until the end of the year for subsidised fuel, yes, sir,” said Purbaya in the Commission XI meeting room, DPR, Jakarta, on Monday (6/4/2026).

After delivering that statement, Purbaya was immediately rewarded with applause from the commission’s leaders and members. He was even given full support with a thumbs-up symbol to continue maintaining fiscal resilience.

“So, people outside don’t need to fuss or be afraid; we’ve already calculated it, sir. Got a thumbs-up, sir; this is thanks to Commission XI’s support as well, so we can have open discussions,” he emphasised.

Purbaya also stressed that all statements discrediting the government’s ability to manage the state budget are untrue, based on detailed calculations to anticipate fiscal risks.

“Because there are rumours circulating that it will run out in two months, or two weeks, or at most it will rise in July, then there will be chaos in July, whereas we’ve prepared it until the end of the year with the assumption of an average US$100 per barrel; we’re still strong with the existing budget,” said Purbaya.