Indonesia Welcomes Lower Oil Prices, Strengthens Energy Security

RRI.CO.ID, Jakarta - Indonesian government considers the decline in global oil prices as positive news for the national economy. The situation is expected to strengthen the country's fiscal space while supporting efforts to maintain energy security.

Head of the Government Communications Agency (Bakom RI), Muhammad Qodari, made the statement during a government press conference on Priority Programs and National Food and Energy Security in Jakarta on Wednesday June 17, 2026. He said oil prices, which have fallen below 80 U.S. dollars per barrel, could bring benefits to Indonesia as a country that still relies on oil imports.

Qodari noted that lower global oil prices could help reduce the country's energy import costs. “So this is good news that we welcome with great hope, and it will provide better fiscal space,” he said.

He explained that oil prices have dropped from around 93 U.S. dollars per barrel in previous months. Given Indonesia’s large oil import needs, the price decline is expected to generate significant savings for the government.

At the same time, the government continues to strengthen national energy security through the diversification of crude oil and fuel supply sources. The policy is aimed at reducing dependence on certain supplier regions while ensuring sufficient national energy stocks.

Ministry of Energy and Mineral Resources (ESDM) spokesperson, Dwi Anggia, said the government has authorized several business entities to import fuel. The measure is intended to strengthen domestic energy supplies and improve national energy resilience.

According to her, the diversification of oil supply sources has been carried out in line with the President’s directive by expanding procurement from various countries. “We also source supplies from African countries such as Nigeria and Angola, as well as from the United States,” Dwi said.

Furthermore, Dwi emphasized that the government will continue efforts to maintain stable national energy supplies amid global geopolitical uncertainties. He also confirmed that subsidized fuels, including Pertalite and subsidized diesel, will not see price increases, while non-subsidized fuels will continue to follow market mechanisms and global crude oil price movements.