Indonesia sets subsidized fuel price at Rp15,000/liter for fishing vessels

Indonesia has introduced a special subsidized fuel price of Rp15,000 per liter for fishing vessels ranging from 30 to 200 gross tons. This initiative, announced by Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono, aims to significantly lower operational costs for fishermen.

"With more efficient operational costs, fishermen can fish more productively, the supply of fish for the public and industry can be maintained, and the competitiveness of Indonesian fisheries can be strengthened," Trenggono stated in Jakarta on Wednesday. The policy directly follows a directive from President Prabowo Subianto during a limited meeting on Monday.

Previously, fuel for these vessels cost Rp21,300 per liter. The Ministry of Maritime Affairs and Fisheries highlighted that fuel is the largest cost component in fishing operations, often exceeding half of a vessel's total expenses. This price reduction is expected to enhance cost efficiency, maintain productivity, and ensure the sustainability of the national fisheries sector.

The funding for this special fuel price will come from the Plantation Fund Management Agency (BPDP), ensuring the state budget remains disciplined. The Directorate General of Capture Fisheries will collaborate with relevant ministries and agencies to establish clear rules and distribution mechanisms to ensure the subsidy reaches its intended recipients and prevent misuse.