Subsidised Fuel Prices to Be Maintained Until Year-End, with Danantara Involved

Jakarta, CNBC Indonesia – The government is seeking to maintain subsidised fuel prices until the end of 2026. National Economic Council (DEN) member Septian Hario Seto said the government was discussing a number of fiscal strategies with the Finance Ministry and BP Danantara to ensure fuel prices remain stable without compromising the country’s fiscal sustainability.

Seto made the remarks after presenting the DEN’s assessment to President Prabowo Subianto at Merdeka Palace in Jakarta on Tuesday evening (20 October 2026).

“We told the President that the government’s steps to maintain subsidised fuel prices are appropriate, particularly to protect people’s purchasing power at this time,” Seto said.

He said the government was discussing several fiscal strategies to keep subsidised fuel prices stable through the end of the year. The Finance Ministry and Danantara are involved in the discussions.

“We also discussed several fiscal strategies that the government could pursue, with the Finance Ministry and support from Danantara, to ensure that fuel prices can be maintained until the end of the year while keeping the fiscal position sustainable,” he said.

Alongside maintaining fuel prices in the short term, the government also discussed longer-term improvements to energy subsidy policy. One focus is ensuring that subsidies are distributed more precisely to those who need them.

Seto said these efforts were needed so that policies to maintain energy prices could continue to support people’s purchasing power while preserving fiscal sustainability.

However, Seto did not provide details of the fiscal strategies, including the form Danantara’s involvement would take or the amount of funding required to maintain subsidised fuel prices until the end of the year.