Yesterday, Subsidised Fuel Continues Until Whoosh Debt Restructuring Resolution
Jakarta (ANTARA) - News on subsidised fuel oil (BBM) prices continuing until the resolution of the Indonesia-China High-Speed Rail (KCIC) or Whoosh debt restructuring coloured economic reporting on Tuesday (7/4/2026).
Here is a more detailed summary of the news.
Finance Minister Ensures Subsidised Fuel Continues in Line with Presidential Instruction
Finance Minister Purbaya Yudhi Sadewa stated that all strategic policies taken, including the continuation of subsidised fuel oil (BBM) prices until the end of 2026, resulted from coordination under President Prabowo Subianto’s instructions.
The Finance Minister clarified public perceptions regarding decision-making at the ministerial and agency levels. He emphasised that the steps taken are not merely personal or sectoral initiatives but mandates from the country’s top leadership.
Ministry of Trade Issues Two Regulations to Facilitate Exports of Strategic Commodities
The Ministry of Trade (Kemendag) has issued two new regulations on exports to accelerate deregulation and provide ease of doing business, particularly for several strategic commodities such as tin, coal, and oil and gas, through Minister of Trade Regulations (Permendag) Numbers 5 and 6 of 2026.
Minister of Trade Budi Santoso stated that the issuance of both Permendag is part of efforts to simplify export processes while enhancing the competitiveness of business actors amid global trade dynamics.
Government Focuses on Protecting Purchasing Power Amid Global Oil Price Surge
The Ministry of National Development Planning/National Development Planning Agency (PPN/Bappenas) stated that one of the government’s main focuses in responding to the global oil price surge is to maintain the public’s purchasing power level.
Director of Macroeconomic Planning and Development Model Planning at the Ministry of PPN/Bappenas, Ibnu Yahya, in Jakarta on Tuesday, explained that economic growth needs to be kept stable to prevent pressure on the national economy.
Ministry of ESDM Projects Copper Prices to Rise Until 2032
The Ministry of Energy and Mineral Resources (ESDM) projects that copper prices will rise until 2032, caused by an imbalance between supply and demand.
“Until 2032, the copper supply compared to copper demand will start to become imbalanced, so prices will definitely rise,” said Director General of Minerals and Coal (Dirjen Minerba) at the Ministry of ESDM, Tri Winarno, at an event titled “Unlocking Growth in The Middle Income Trap” in Jakarta on Tuesday.
SOE Management Agency: Whoosh Debt Restructuring Completed, To Be Announced Soon
The State-Owned Enterprises Management Agency (BP BUMN) stated that the resolution of the debt restructuring issue for the Indonesia-China High-Speed Rail (KCIC) or Whoosh project has been completed and will soon be announced to the public.
Head of BP BUMN and Chief Operating Officer (COO) Danantara Dony Oskaria stated that the resolution process has reached the final stage after discussions with Finance Minister Purbaya Yudhi Sadewa.