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Pertamina raises non-subsidized Pertamax fuel prices
Indonesia has chosen to carefully adjust to the global trend of rising fuel prices as it shields its economy from uncontrolled inflation.
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A man arranges canned Pertamax in Indramayu, West Java, in this file photo. (Antara/Dhedez Anggara)
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tate-owned oil and gas company Pertamina has increased the price of several non-subsidized fuel brands and liquefied petroleum gas (LPG) amid skyrocketing energy prices as a result of the Ukraine war.
The price of Pertamax Turbo (RON 98) gasoline in Greater Jakarta has risen to Rp 16,200 (US$1.08) per liter, while diesel brands Pertamina Dex (CN 53) and Dexlite (CN 51) have gone up to Rp 16,500 and Rp 15,000 per liter, respectively.
Non-subsidized 3kg Bright Gas LPG canisters will cost Rp 58,000, while the 5 kg and 12 kg variants have increased to Rp 100,000 and Rp 213,000, respectively. The premium LPG brand Ease Gas 14 kg canisters have been hiked to Rp 246,000.
The rising prices of Pertamina’s non-subsidized fuel products come as the government maintains subsidies for those with lower octane levels like Pertalite and Premium gasoline and Solar diesel.
"The government through Pertamina continues to maintain people's purchasing power by maintaining the availability of energy at affordable prices, so Pertalite, Solar and 3 kg LPG are sold at a fixed price," said Irto Ginting, the corporate secretary of PT Pertamina Patra Niaga, a Pertamina subsidiary that handles domestic fuel and LPG trade and distribution.
Read also: Pertalite to be off limits for certain customers
Global fuel and LPG prices have increased significantly, as Indonesian Crude Prices (ICP) have increased by around 37 percent year-to-date (ytd) to $117.62 per barrel, while Contract Price Aramco (CPA) for liquefied natural gas has increased by around 13 percent from last year's average to $725 per ton.
