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View all search resultsRI jet fuel prices 'still competitive’ despite hike, Bahlil says
The energy minister has touted the competitiveness of Indonesia's avtur prices amid the economic fallout from the Iran war, even after a markup of more than 70 percent due to surging global fuel prices.
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A Pertamina tanker truck pumps bioavtur J2.4 into a CN235-220 turboprop plane on Sept. 6, 2021, for a ground test at an identified airfield in Bandung, West Java, in this handout photo. (Courtesy of Pertamina)
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nergy and Mineral Resources Minister Bahlil Lahadalia has said that despite the price hike on April 1, domestic aviation turbine fuel (avtur) is regionally “competitive” and still more affordable compared to other countries.
“Pertamina has indeed increased [prices] but compared to aviation fuel prices in other countries, especially neighboring countries, we are still much more competitive,” Bahlil told reporters on Monday, referring to the state-owned energy giant.
He explained that avtur prices largely followed market mechanisms because of their direct link to the international airline industry. Indonesian airports regularly refueled foreign carriers, thereby tying domestic prices to global energy dynamics.
“Avtur prices are indeed market prices,” the minister underlined, adding that the government would continue to monitor global trends while ensuring that prices did not burden local carriers.
Read also: Airlines renew call to raise fare cap as jet fuel prices jump 70%
Pertamina raised avtur prices for both domestic and international flights on April 1.
At Soekarno-Hatta International Airport in Tangerang, Banten, for instance, avtur prices for domestic flights have increased 72.45 percent from Rp 13,656.51 (81 US cents) per liter in March to Rp 23,551.08 per liter in April.
