Yesterday: fuel prices and prospective partners for PSEL wave II project
Jakarta – Various economic developments were reported by ANTARA News Agency on Tuesday (17 March), ranging from the Finance Minister’s statement regarding fuel prices to the opening of registrations for prospective partners in the Waste-to-Energy (PSEL) wave II project.
The following is a summary of yesterday’s economic news worthy of attention today.
Finance Minister: Fuel prices can be sustained until year-end
Finance Minister Purbaya Yudhi Sadewa stated that the government still possesses the capacity to sustain fuel prices until the end of the year amidst pressure from global energy prices resulting from conflict in the Middle East.
“At the moment, there are no calculations for raising fuel prices because we still have sufficient funds to maintain current fuel price levels,” Purbaya said after visiting Beringharjo Market in Yogyakarta, Tuesday.
Government formulates energy efficiency strategy in public sector
The government is formulating an energy efficiency strategy in the public sector covering education, health, and public services, following directives from President Prabowo Subianto.
Coordinating Minister for Human Development and Culture (Menko PMK) Pratikno stated that energy efficiency policy needs to be formulated responsively and based on data, taking into account experience from mobility regulations during the COVID-19 pandemic.
BI: Middle East conflict since February worsens global economic prospects
Bank Indonesia (BI) views the Middle East conflict occurring since late February 2026 as deteriorating global economic conditions and prospects.
“The spike in world oil prices has a negative impact on international trade supply chains, thereby reducing global economic growth prospects and increasing global inflationary pressure,” said BI Governor Perry Warjiyo during a press conference on the results of BI’s Board of Governors Meeting held online in Jakarta, Tuesday.
Government involves industry in response to US trade investigation
The government plans to hold discussions with business actors and industrial associations to address the trade investigation being conducted by the US Trade Representative (USTR) through Section 301 mechanism.
Coordinating Minister for Economic Affairs Airlangga Hartarto explained that this step was taken to prepare Indonesia’s position in the consultation process to be conducted by the US Government.
Danantara opens registrations for PSEL wave II project prospective partners
Danantara Indonesia, through PT Danantara Investment Management (DIM), has opened new registrations for companies interested in becoming prospective partners in the development of Waste-to-Energy (WtE) or Waste-to-Electricity (PSEL) projects in Indonesia.
This registration opening represents the second wave, following the partner selection process in the first wave in the regions of Bekasi, Greater Denpasar, Greater Bogor, and Yogyakarta.