Rupiah Weakens Sharply, Ferry Operators Propose Fare Hikes

Indonesian ferry operators face mounting pressure as the rupiah's sharp decline against the U.S. dollar inflates operational costs. The current exchange rate, hovering around Rp 18,136 per dollar as of June 9, 2026, coupled with elevated global oil prices at approximately $94 per barrel, presents a significant challenge.

Khoiri Soetomo, Chairman of the National Association of River, Lake, and Ferry Transportation Entrepreneurs (Gapasdap), highlighted that these combined factors directly impact various cost components heavily reliant on foreign currency. "The combination of the weakening rupiah and high global oil prices makes the operational burden of ships increasingly heavy," Soetomo stated.

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The combination of the weakening rupiah and high global oil prices makes the operational burden of ships increasingly heavy.

The rising operational expenses are particularly felt in ship maintenance, where nearly all components have seen substantial price increases. Meanwhile, ferry fares have remained stagnant, failing to reflect the escalating costs. This disparity leaves companies in a difficult financial position.

Gapasdap is advocating for a fare adjustment to mitigate the financial strain. Without an increase in tariffs, the companies' ability to cover their operational expenses, especially those tied to imported parts and services for ship maintenance, is severely compromised. The situation underscores the vulnerability of the sector to global economic fluctuations.

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The impact of the weakening rupiah is most felt in ship maintenance costs. Almost all cost components have seen a significant increase.