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Pertamina ups LPG price, mulls raising gasoline price
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A worker refills gas cylinders at Pertamina's LPG bulk filling and transportation station (SPPBE) in Bandung, West Java, on June 9, 2020. (Antara/M Agung Rajasa)
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tate-owned oil and gas company Pertamina has increased the price of nonsubsidized liquefied petroleum gas in response to higher global prices.
With effect as of Feb. 27, the price was raised to Rp 15,500 (US$1.08) per kilogram. The move comes just months after the last hike, when the price was upped from Rp 11,500 to Rp 13,500 per kg in December last year.
The 12-kg and 5.5-kg canisters now sell at Rp 187,000 and Rp 88,000 per canister, Pertamina announced on Monday, up from previously Rp 163,000 and Rp 76,000, respectively.
The subsidized 3-kg LPG price, on the other hand, remains unchanged and still refers to the retail price ceiling (HET) determined by local authorities. The average price in Jakarta is Rp 20,850 per canister.
Pertamina Patra Niaga corporate secretary Irto Ginting said the decision to increase prices was based on the rising price of the global LPG benchmark, CP Aramco. As of February, CP Aramco reached $775 per ton, up 21 percent from the 2021 average price of $635 per ton.
“The price [increase is due to] the developments in the oil and gas industry and only applies to nonsubsidized LPG, which accounts for 7 percent of total national LPG consumption,” Irto said in a statement on Monday.
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