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Jakarta Post

Pertamina to monitor trends before deciding whether to lower fuel prices

  • Norman Harsono

    The Jakarta Post

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Jakarta   /   Thu, March 26, 2020   /  01:18 pm
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A gas station employee serves motorists with non-subsidized fuel Pertamax at a Pertamina gas station on Jl. Cikini Raya, Central Jakarta.(JP/Dhoni Setiawan)

Indonesia’s top fuel distributor, Pertamina, is waiting for a government directive to determine whether to cut fuel prices as a response to a downward trend in global crude oil prices. Pertamina spokeswoman Fajriyah Usman said the company’s stance was to monitor developments because the decision to lower retail prices of fuel was contingent on the outcome of changing government regulations. “If the regulations or policies change, Pertamina will adjust accordingly,” she told reporters in Jakarta on Monday. She noted that the state-owned company already lowered fuel prices earlier this year as an adjustment to the new price ceiling for gasoline and diesel. The ceiling, implemented through Energy and Mineral Resources Ministerial Decree No. 187/2019, compelled Pertamina to lower prices by up to 12.1 percent in Jakarta. Rival distributors Shell and Total redu...