Pertamina Holds Non-Subsidized Fuel Prices Steady for June 2024
Jakarta. State-owned oil and gas company Pertamina (Persero), through its subsidiary Pertamina Patra Niaga, has decided not to increase non-subsidized fuel prices in June 2024. This move aligns with the government's efforts to maintain economic stability.
The decision comes from rising global oil prices and the weakening of the Indonesian rupiah against the US dollar.
“While the adjustment of non-subsidized fuel prices follows regulations, under the current circumstances, we support the government’s efforts to maintain economic stability,” said Irto Ginting, Corporate Secretary of Pertamina Patra Niaga, in a written statement on Saturday.
Pertamina adjusts its fuel prices monthly based on the US dollar exchange rate and the Mean of Platts Singapore (MOPS).
The following are the non-subsidized fuel prices from Pertamina for June 2024:
- Pertamax: Rp 12,950/liter
- Pertamax Green 95: Rp 13,900/liter
- Pertamax Turbo: Rp 14,400/liter
- Dexlite: Rp 14,550/liter
- Pertamina Dex: Rp 15,100/liter
These prices apply to the Java region and areas with a motor vehicle fuel tax (PBBKB) rate of 5 percent.
Tags: Keywords:Related Articles
Fuel Subsidies Largely Benefit Private Vehicles, Not Public Transport
An expert urges Indonesia to redirect fuel subsidies to public transport, saying 93% now benefits private vehicles.Purbaya Yet to Assess Subsidy Impact of Potential Shift to Pertalite
Purbaya says the government has not assessed the fiscal impact of a potential shift from Pertamax to subsidized Pertalite.Indonesian Stocks Retreat Amid US-Iran Conflict, Fuel Price Pressures
JCI closed lower as escalating US-Iran tensions and higher Pertamax prices fueled concerns over inflation and growth.Indonesia Holds Subsidized Fuel Prices as Drivers Abandon Pertamax
Indonesia kept subsidized fuel prices unchanged despite a steep Pertamax hike that triggered long queues for cheaper fuel.Indonesia Prepares Stimulus as Pertamax Price Jumps 32%
Indonesia is preparing stimulus measures after Pertamax fuel prices surged 32%, raising inflation concerns.Rate Hike, Fuel Price Surge Put Indonesia’s Middle Class Under Pressure
Indonesia's middle class faces mounting pressure as higher interest rates and fuel prices squeeze household budgetsHigher Pertamax Prices Risk Swelling Demand for Subsidized Gasoline
A sharp increase in Pertamax prices could push consumers toward subsidized fuels and increase the energy subsidy burden.Sudden Pertamax Price Hikes to Hurt Indonesia’s Middle Class
Pertamax prices rose from Rp 12,300 to Rp 16,250 (about $0.68-$0.90) per liter, possibly dealing a fatal blow to Indonesia's middle class.Pertamina Raises Pertamax Price by 32% as Global Oil Costs Climb
Pertamina has raised the price of its flagship Pertamax gasoline by more than 32%, while subsidized fuels remain unchanged.Indonesia’s Premium Diesel Nears Rp 28,000/Liter After Sharp Price Hike
Indonesia raises premium diesel prices to record highs while keeping subsidized fuels unchanged to balance costs and stability.The Latest
Spain Beats Argentina to Win Second World Cup Trophy
Spain allowed only one goal in eight matches at the tournament, setting a World Cup record for fewest goals allowed by a champion.Controversies Surrounding the Handling of Febrie Adriansyah’s Corruption Case
The Attorney General's Office has not provided a clear explanation as to why Don Ritto was detained while Febrie was not.Prabowo's Party Rebukes Hotman Paris for Invoking President in Corruption Case
Gerindra and media leaders criticized Hotman Paris after he invoked President Prabowo while defending a corruption suspect.Anwar to Address KWAP's Investment Losses in Indonesia's eFishery
Malaysia's prime minister will explain Parliament's questions over KWAP's losses from its investment in Indonesia's eFishery.Fajar and Fikri Upset World No. 1 Pair to Win Japan Open
The Indonesians prevailed 21-19, 21-17 after producing a composed performance to counter the Koreans' aggressive style of play.Most Popular
