HIPMI Supports Pertamax Price Adjustment for State Budget Stability

The Indonesian Young Entrepreneurs Association (HIPMI) has provided its views regarding the policy adjustment for Pertamax fuel prices. HIPMI considers the move as something that must be understood as part of the government’s strategic efforts to maintain fiscal health and national economic stability. HIPMI Secretary-General Anggawira revealed that the government is currently facing significant challenges in balancing the State Budget (APBN). According to him, a healthy fiscal space is crucial to ensure the sustainability of various national development programmes. ‘We understand that maintaining fiscal credibility is crucial. Fiscal stability directly affects macroeconomic conditions, the Rupiah exchange rate, the investment climate, and market confidence in the Indonesian economy,’ Anggawira said in a statement on Wednesday. While supporting the government’s move, Anggawira did not deny that the increase in Pertamax prices would put pressure on operational costs across various business lines. He emphasised the importance of measured and transparent policies so that business actors can plan thoroughly. Several sectors are predicted to feel the direct impact of this policy, especially those with high dependence on mobility and logistics. To minimise negative impacts, HIPMI is urging the government to immediately prepare mitigation measures. Anggawira suggested strengthening the efficiency of the national logistics chain and providing incentives for significantly affected productive sectors. ‘The issue is not just the increase in fuel prices, but the ripple effect on distribution costs and raw materials. The government must maintain Rupiah exchange rate stability and expand access to competitive financing so the business world has room to transform,’ he added. Furthermore, Anggawira also stressed the importance of accelerating the energy transition. The use of energy-efficient technologies, such as gas-based or electric vehicles, is considered a long-term strategy that must be accelerated immediately. ‘Currently, what the business world needs is not merely cheap energy prices, but business certainty, economic efficiency, and a conducive investment climate. With this balance, business growth and job creation can be maintained,’ concluded Anggawira.