Oil Price at US$100 per Barrel, Purbaya: Our Funds Are Sufficient

Finance Minister Purbaya Yudhi Sadewa stated that the prices of subsidised fuels will not increase until the end of 2026. He calculated this by reallocating budgets from various ministries and agencies in the government, with an estimated state budget deficit of around 2.9 percent as in 2025.

“As long as the supply (of oil) is available, we still have a financial buffer of Rp 490 trillion, which is currently in the form of surplus budget remnants, and it can still be used if needed,” he said during a press conference at the Coordinating Ministry for the Economy office on Monday, 6 April 2026.

With budget reallocations, he also calculated that the state budget can still provide subsidies, assuming an average crude oil price of around US$100 per barrel until the end of the year. However, he predicted that crude oil prices would not remain above US$100 for long, considering developments in US politics.

The public is urged not to worry about the subsidy burden. “No need to speculate that I’m running out of money; like this, the money is plentiful. So our funds are sufficient,” he said jokingly.

Previously, the conflict between the United States-Israel and Iran erupted on 28 February 2026. Crude oil prices surged above US$100 per barrel, exceeding Indonesia’s Crude Price assumption of US$70 per barrel according to the 2026 state budget. Iran closed the Strait of Hormuz, a strategic shipping route for global oil and gas trade.

Although subsidised fuels for Pertalite and Solar are not being raised, there is talk of restrictions on purchasing those products. For private four-wheeled vehicle users, fuel purchases are limited to a maximum of 50 litres per day.