JAKARTA - Finance Minister Sri Mulyani revealed that in 2026 the government is targeting oil lifting of 610.000 barrels of oil per day. This target experienced a slight increase when compared to the oil lifting target in the 2025 State Budget of 605.000 bopd.
In contrast to gas, the 2026 State Revenue and Expenditure Budget Draft (RAPBN) is set at 984,000 barrels of oil equivalent per day (MBOEPD). This target is lower when compared to the natural gas lifting target in the 2025 State Budget of 1,005,000 barrels of oil equivalent per day.
"With crude oil prices at 70 US dollars per barrel," Sri Mulyani said at the RAPBN Press Conference and the 2026 Fiscal Year Financial Note at the DGT Office, Friday, August 15.
Just so you know, the assumption that the average price of Indonesian Crude Price (ICP) is lower when compared to the assumption that the ICP in the 2025 State Budget is 82 US dollars per barrel.
Meanwhile, in a speech to the Bill on the State Budget for Fiscal Year 2026 and its Financial Note at the Parliament Building today, President Prabowo Subianto revealed that the government has disbursed a budget of IDR 402.4 trillion for energy security in 2026.
Sri Mulyani detailed that the planned energy subsidy of IDR 210 trillion consists of certain fuel subsidies and 3 kg LPG gas cylinders of IDR 105.4 trillion, while electricity subsidies of IDR 104.6 trillion
He added, in addition to energy subsidies, the jumbo budget will also be disbursed for tax incentives of IDR 16.7 trillion and new and renewable energy (EBT) of IDR 37.5 trillion.
Sri Mulyani continued, energy infrastructure is also still prioritized in 2026 by disbursing a budget of IDR 4.5 trillion. This infrastructure will include the construction of gas pipelines. Meanwhile, the village electricity program is set at IDR 5 trillion.
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"We have budgeted for village electricity of IDR 5 trillion, based on location and progress. This is included in the security budget, in addition to compensation subsidies for bbm and electricity, as well as various new development matters," he continued.
This budget will be used for the construction of 63 units of EBT plants, 14,000 units of fuel kit converters to BBG and biodiesel incentives.
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