Vietnamese crab exporterexellent crabdouble-skinned crabsgood crab

Prabowo Urges Fuel Savings as Global Oil Volatility Rises

Alfi Dinilhaq
March 13, 2026 | 8:56 pm
SHARE
President Prabowo Subianto addresses the 2026 Indonesia Economic Outlook in Jakarta on Feb. 13, 2026. (Handout)
President Prabowo Subianto addresses the 2026 Indonesia Economic Outlook in Jakarta on Feb. 13, 2026. (Handout)

Jakarta. President Prabowo Subianto has urged Indonesians to reduce fuel consumption as the government prepares for potential economic fallout from rising global oil prices and escalating geopolitical tensions.

Speaking during a plenary cabinet meeting at the Presidential Palace in Jakarta on Friday, Prabowo said Indonesia must adopt proactive measures to curb fuel use amid growing uncertainty in global energy markets, particularly linked to developments in Europe and the Middle East.

“We must take proactive steps, including reducing fuel consumption. We cannot assume that we will always remain safe regardless of what happens globally,” Prabowo said.

The call comes as oil prices have surged in recent weeks following US-Israeli strikes on Iran, which rattled global energy markets. Crude briefly climbed to around $120 per barrel after Iran blocked the Strait of Hormuz, a strategic shipping lane that carries roughly 20% of the world’s oil supply, or about 20 million barrels per day.

ADVERTISEMENT

Indonesia is responding by maintaining fiscal discipline while accelerating efforts to reduce reliance on imported fuel. The government is expanding biofuel blending, boosting renewable energy development and planning to build strategic crude reserves to strengthen long-term energy security.

For now, officials see no immediate need to revise the state budget or raise fuel prices. However, the government acknowledges that sustained high oil prices could strain public finances through increased fuel subsidy spending.

Prabowo said global geopolitical tensions could also push up food prices, making it important for the government to strengthen precautionary policies. He noted that Indonesia has secured several key food supplies while accelerating plans in the energy sector.

Still, he stressed that reducing energy consumption remains an important step to safeguard the country’s fiscal stability.

As an example, Prabowo cited austerity measures adopted by Pakistan during previous energy crises. Those policies included cutting salaries of cabinet members and parliamentarians, implementing work-from-home arrangements for up to half of public and private sector employees, and shortening the workweek to four days.

Pakistan also halted purchases of government facilities such as official vehicles, air conditioners, and office furniture while restricting overseas travel for officials.

Prabowo said such steps illustrate how governments can respond decisively during periods of economic stress.

“We cannot assume that whatever happens in the world we will always remain safe,” he said. “We are grateful for our current condition, but we still need to make efforts to save energy.”

The president added that Indonesia should study various efficiency measures, particularly in fuel consumption, to ensure the economy remains resilient amid global uncertainty.

“I believe that in two to three years we will be very strong,” Prabowo said. “But we still need to be prudent and conserve energy.”

Tags: Keywords:
SHARE

Related Articles


Business 10 hours ago

Prabowo Orders Up to 50 Ethanol Plants to Support E20 Fuel Program

Indonesia plans E20 gasoline within years, backed by up to 50 new ethanol plants and a nationwide sugarcane replanting drive.
News Jul 16, 2026 | 8:35 pm

Prabowo Rejects 'Lazy' Stereotype, Prioritizes Local Jobs at $21b Masela Project

Prabowo urged local hiring at the $21 billion Masela LNG project, saying Indonesia should no longer be underestimated.
Business Jul 13, 2026 | 1:26 pm

IDX Says Prabowo Speeches No Longer Drive Indonesia's Stock Market

DX says global uncertainty, not President Prabowo's speeches, is the main driver of JCI volatility.
News Jul 10, 2026 | 5:41 pm

Prabowo Inaugurates Five Dams to Boost Indonesia's Food and Water Security

President Prabowo inaugurated five dams worth Rp9.79 trillion to strengthen Indonesia's food, water and energy security.
Business Jul 8, 2026 | 5:26 am

Prabowo-Modi Talks Skip Commercial Details on BrahMos Missiles, India Says

Asked about the details of the Brahmos contract, the Indian government says "commercial agreements are not discussed at the highest level.
Business Jul 2, 2026 | 4:21 pm

Jakarta Stocks End Higher on Easing Oil Price Concerns, Fed Watch

JCI rose 0.87% as easing oil prices, US-Iran peace talks, and expectations of lower inflation boosted investor sentiment.
News Jul 1, 2026 | 11:34 am

Prabowo Lauds Police's Expanding Role Beyond Law Enforcement

President Prabowo praised Indonesia's police for supporting food security as public trust rose to 82.4%, a Kompas survey showed.
Business Jun 29, 2026 | 3:46 pm

Prabowo Targets Slimmer SOEs, Rules Out Layoffs

Prabowo targets cutting SOEs to around 250 within two years, while Danantara says the restructuring will not result in layoffs.
News Jun 26, 2026 | 9:19 pm

Prabowo Orders Tough Action After Woman Allegedly Tortured for Years by Boyfriend

A woman missing for nearly three years was found critically injured, prompting national outrage and a presidential response.
News Jun 23, 2026 | 9:02 pm

Prabowo Says Gov't Has Closed 240 SOEs, Hundreds More to Follow

He said directors and commissioners at state-owned companies receive a minimum monthly salary of Rp 50 million, excluding bonuses.

The Latest


Business 10 hours ago

Prabowo Orders Up to 50 Ethanol Plants to Support E20 Fuel Program

Indonesia plans E20 gasoline within years, backed by up to 50 new ethanol plants and a nationwide sugarcane replanting drive.
Lifestyle 12 hours ago

US, Canada, Mexico Claim Success as World Cup Co-Hosts

US, Canada, Mexico have claimed success as host countries for the World Cup as enthusiasm soars for the final match.
News 13 hours ago

China’s WAICO or US-Led Pax Silica? Indonesia Stays Neutral

Indonesia says that it is taking part in the two AI-related initiatives proposed by the rivalring major powers China and the US.
Business 15 hours ago

JCI Posts Strongest Weekly Gain in Months on Debt Confidence

Indonesia's benchmark index climbed 4.24% this week as healthy external debt data lifted sentiment despite global uncertainties.
News Jul 17, 2026 | 9:19 pm

Febrie Adriansyah Denies All Allegations After 11-Hour AGO Questioning

Former prosecutor Febrie Adriansyah denied all allegations, including claims he received Rp 50 billion, after an 11-hour AGO questioning.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED