Pertamina Raises Fuel Prices; Bahlil Says Market Forces at Play
Magelang, C. Java. Energy and Mineral Resources Minister Bahlil Lahadalia defends Pertamina’s decision to raise non-subsidized fuel prices, saying the adjustments follow market mechanisms tied to global oil prices and currency movements.
“Fuel that is regulated by the government is subsidized fuel. Meanwhile, non-subsidized fuel follows market prices in accordance with the 2022 ministerial regulation,” Bahlil said after a leadership retreat for regional legislative councils at the Military Academy in Magelang.
He added that high-quality fuels such as Pertamax Turbo, which has a Research Octane Number (RON) of 98, as well as diesel with higher cetane numbers, are typically consumed by higher-income groups and therefore fall outside the subsidy scheme.
The latest price adjustments reflect fluctuations in global crude oil prices and the rupiah’s exchange rate against the US dollar, prompting Pertamina to review retail fuel prices periodically.
As of Saturday, the price of Pertamax Turbo rose to Rp 19,400 ($1.13) per liter, up Rp 6,300 from its previous level.
Other non-subsidized fuels also saw steep increases. Dexlite recorded the sharpest hike, surging by around 66% to Rp 23,600 per liter from Rp 14,200. Pertamina Dex rose to Rp 23,900 per liter from Rp 14,500.
Meanwhile, prices for Pertamax remained unchanged at Rp 12,300 per liter, and Pertamax Green 95 held steady at Rp 12,900 per liter.
The new pricing applies to regions such as Jakarta and Banten, with variations in other areas depending on local taxes and distribution costs.
Beyond fuel pricing, Bahlil also highlighted Indonesia’s upstream oil and gas potential, noting that exploration activities depend on the government’s tender system for oil and gas blocks.
“Exploration can only proceed after companies participate in and win a block tender,” he said.
The government is continuing efforts to boost investment in upstream oil and gas to strengthen national energy security. Officials expect that aligning non-subsidized fuel prices with market dynamics, alongside increased exploration activity, will help maintain energy stability while attracting investors to Indonesia’s energy sector.
Tags: Keywords:
as a preferred
Related Articles
Pertamina Raises Prices of Premium Diesel, Pertamax Turbo
The steepest increase was recorded for Dexlite, which jumped to Rp 23,700 per liter from Rp 18,300, an increase of Rp 5,400 or 29.5%.
Indonesia Raises 2027 Oil Lifting Target to 612,500 Bpd
Indonesia raised its 2027 oil lifting target to 612,500 bpd as Energy Minister Bahlil Lahadalia warned of volatile global prices.
Subsidized LPG Consumption Seen Exceeding 2026 Quota
Indonesia projects 3-kg LPG consumption to exceed its 2026 quota as demand rises, prompting efforts to tighten subsidy targeting.
Government Eyes Pertalite Restrictions for Wealthier Car Owners
Indonesia plans to restrict subsidized Pertalite for wealthier motorists while exempting motorcycle users.
Indonesia Prepares Financing Scheme for Bioethanol
Indonesia will create a mutually beneficial financing formula for the mandatory bioethanol program.
Pertamina Deploys More Tankers to Ease West Sumatra Fuel Delays
Pertamina says fuel is not in short supply despite weeks of delays caused by bridge repairs in West Sumatra.
Indonesia Confirms First Russian Oil Import Under 150 Million-Barrel Supply Deal
Indonesia confirms its first Russian oil import under a 150 million-barrel commitment, with the shipment handled by a government agency.
Indonesia Launches Hydrogen Corridor, Unveils First Hydrogen Bus Pilot
The 194-kilometer Jakarta–Patimban Hydrogen Corridor will connect Tanjung Priok Port in Jakarta with Patimban Port in West Java.
Indonesia Mulls Cutting Non-Subsidized Fuel Price
Indonesia is mulling slashing the price of non-subsidized fuel, although this decision hinges on global oil prices.
Indonesia Targets E10 Gasoline Blend in 2027, E20 by 2028
The policy is intended to reduce Indonesia's dependence on imported gasoline while ensuring that ethanol supplies are sourced domestically.The Latest
Chandra Asri Maintains Safe Operations Amid Anak Krakatau Activity
Chandra Asri has strengthened monitoring and emergency preparedness at its Cilegon operations amid Mount Anak Krakatau activity.
Mount Anak Krakatau Erupts Three Times Tuesday Morning
Mount Anak Krakatau erupted three times Tuesday morning, prompting authorities to bar activities within 3 kilometers of its active crater.
Domestic Flights Still Canceled Despite Soekarno-Hatta Reopening
Indonesia's main international airport was closed for two days since Sunday after volcanic ash from Mount Anak Krakatau was detected.
OPPO Brings Indonesia into R&D Equation at Its 500-Lab Dongguan Campus
Rather than treating Indonesia simply as a market for finished products, OPPO wants it to play a role earlier in the innovation process.
Anak Krakatau: Foreigners Get Emergency Stay Permits, No Overstay Fees
Indonesia is allowing foreigners to get emergency stay permits and waiving overstay fees following Anak Krakatau-related travel disruptions.Most Popular
