# Rupiah Weakens Amid Oil Price Surge That Burdens the 2026 State Budget

> The rupiah weakened to 18,109 per U.S. dollar at the November 6 opening as global oil prices rose, adding pressure to Indonesia’s budget. WTI gained 2.72% to $90.52 a barrel and Brent rose 3.88% to $98.29, well above the government’s $70-per-barrel budget assumption.

- Date: 2026-11-08 · published 2026-11-08T12:11:30.614Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/87439-rupiah-weakens-amid-oil-price-surge-that-burdens-the-2026-state-budget
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Higher oil prices increase Indonesia’s import and fiscal costs, which can weigh on the rupiah and raise domestic energy and transport expenses for feed supply chains. The oil-price move is supportive for crude benchmarks and the currency move raises imported-input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-01 | [Rand weakens to three month low as stronger dollar and oil price weigh on South Africa](https://feedsoft.ai/events/17339-rand-weakens-to-three-month-low-as-stronger-dollar-and-oil-price-weigh-on-south.md) | -2.3% | +12.3% |
| WTI | 2022-02-07 | [Soaring oil prices, weakening won weigh on Korea's economy - The Korea Times](https://feedsoft.ai/events/42957-soaring-oil-prices-weakening-won-weigh-on-korea-s-economy-the-korea-times.md) | +0.9% | +29.3% |
| WTI | 2021-09-30 | [C$ turns weaker as dour Bank of Canada offsets oil surge](https://feedsoft.ai/events/45276-c-turns-weaker-as-dour-bank-of-canada-offsets-oil-surge.md) | +3.5% | +10.2% |
| WTI | 2017-01-09 | [Oil Prices: What to Make of the Volatility](https://feedsoft.ai/events/73142-oil-prices-what-to-make-of-the-volatility.md) | -3.0% | -1.8% |
| WTI | 2022-03-08 | [Specter of stagflation looms due to soaring oil prices, weakening won - The Korea Times](https://feedsoft.ai/events/42506-specter-of-stagflation-looms-due-to-soaring-oil-prices-weakening-won-the-korea.md) | -13.5% | -13.4% |
| BRENT | 2021-06-30 | [Rupee weakens further amid strong dollar, rising oil prices - Daijiworld.com](https://feedsoft.ai/events/46886-rupee-weakens-further-amid-strong-dollar-rising-oil-prices-daijiworld-com.md) | +0.1% | -0.5% |
| BRENT | 2026-09-28 | [Rand weakens as oil prices rise and rate-hike fears support dollar](https://feedsoft.ai/events/17765-rand-weakens-as-oil-prices-rise-and-rate-hike-fears-support-dollar.md) | +6.5% | +1.3% |
| BRENT | 2026-04-30 | [Rupee breaches 95-mark amid fresh war concerns, spike in oil prices \| Business News - The Indian Express](https://feedsoft.ai/events/20007-rupee-breaches-95-mark-amid-fresh-war-concerns-spike-in-oil-prices-business.md) | -15.3% | -21.9% |

## Sources

- beritana.com: https://beritana.com/ekonomi-bisnis/rupiah-melemah-di-tengah-lonjakan-harga-minyak-yang-bebani-apbn-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.