Story perspectives

Indonesia Considers Subsidy Cuts Amid Soaring Oil Prices

3/17/2026

Summary

Story summary

Rising oil prices tied to the Middle East conflict push Indonesia to consider cutting energy subsidies and a meals program for schoolchildren, affecting President Prabowo Subianto's agenda.
Cutting subsidies could save 100 trillion rupiah.
Finance Minister Purbaya Yudhi Sadewa warned that oil prices above $92 per barrel could push the deficit to 3.6 percent of GDP.
Past price hikes have led to riots.
Measures to conserve fuel include reducing working days.

1 of 1

Story summary

Rising oil prices tied to the Middle East conflict push Indonesia to consider cutting energy subsidies and a meals program for schoolchildren, affecting President Prabowo Subianto's agenda.
Cutting subsidies could save 100 trillion rupiah.
Finance Minister Purbaya Yudhi Sadewa warned that oil prices above $92 per barrel could push the deficit to 3.6 percent of GDP.
Past price hikes have led to riots.
Measures to conserve fuel include reducing working days.