Story perspectives

Indonesia's Economy Minister: We Can Survive 10 Months of High Oil Prices

4/13/2026

Summary

Story summary

On April 13, 2026, Airlangga Hartarto, Indonesia's Economy Minister, said Indonesia can weather rising oil prices for 10 months without subsidies.
Global crude prices exceed $100 per barrel due to Middle East conflicts, impacting Indonesia as a net oil importer.
The government is exploring oil sources from Africa, the United States, and Venezuela.
President Prabowo Subianto aims to raise from 5.1% in 2025 to 8% by 2029, despite World Bank's 4.7% 2026 projection.

1 of 1

Story summary

On April 13, 2026, Airlangga Hartarto, Indonesia's Economy Minister, said Indonesia can weather rising oil prices for 10 months without subsidies.
Global crude prices exceed $100 per barrel due to Middle East conflicts, impacting Indonesia as a net oil importer.
The government is exploring oil sources from Africa, the United States, and Venezuela.
President Prabowo Subianto aims to raise from 5.1% in 2025 to 8% by 2029, despite World Bank's 4.7% 2026 projection.