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
Kalimantan's $891 Million Offshore Gas Projects Set to Boost Production by Nearly 65%
"With existing production in the area currently at 450 MMSCFD, we expect total output to reach 750 MMSCFD by Nov. 1," Bahlil said.
Energy Minister Bahlil Plans Gas-Based Petrochemical Hub in East Kalimantan
Indonesia plans a gas-based petrochemical hub in East Kalimantan to boost industrial output, create jobs and raise regional revenue.
Bahlil Weighs Ending Gas Export Contracts to Prioritize Domestic Supply
Bahlil Lahadalia says Indonesia may stop renewing gas export contracts with neighboring countries to prioritize domestic energy needs.
Bahlil: No Golkar Chairman Has Ever Become Indonesia's President
Sudharmono, who served as vice president under President Suharto, was the highest-ranking government official among Golkar's former chairmen
Bali Fuel Queues Persist Despite Odd-Even License Plate Rule
Bali’s fuel queues persist despite odd-even license plate rules and purchase limits, disrupting residents’ daily activities.
Indonesia Says Subsidized Fuel Stocks Cover 16–18 Days
Indonesia says fuel reserves remain adequate, with Pertalite stocks covering 16–18 days as Pertamina boosts deliveries.
Indonesia Opens New LPG Plant in West Java to Reduce Import Dependence
Bahlil said the plant was expected to supply around 15% of LPG demand in Jakarta and West Java.
Bali Orders Three Days of Remote Work, Online Classes Amid Fuel Shortage
Bali introduces remote work and online classes for three days as fuel shortages disrupt travel across the island.
Indonesia Aims $45 Billion Nickel Exports in 2026
Indonesia's nickel exports neared $34 billion in 2024, government data showed.
Two Tankers Deliver 21.7 Million Liters of Gasoline to Ease Bali Fuel Crisis
Two tankers deliver 21.7 million liters of gasoline to Bali as Pertamina extends gas station hours to ease fuel shortages.The Latest
Ye Concert, Other Events to Draw 130,000 to GBK, Here’s What to Know
Around 130,000 visitors are expected at Jakarta’s GBK on Saturday as Ye’s concert and several major events take place.
Indonesia Allocates Rp 722 Billion for Year-End Flight Ticket Tax Relief
Indonesia allocates Rp 722 billion to cover domestic flight ticket VAT during the 2026/2027 Christmas and New Year holidays.
Greece Floats Shipbuilding Partnership with Indonesia
Greece says that it possesses “extensive expertise” as it woos Indonesia in shipbuilding partnership.
Indonesian Stocks Rally 4.9%, but Foreign Investors Keep Selling
Indonesia’s JCI rose 4.9% last week, but foreign selling and MSCI downgrade risks continue to cloud the market outlook.
Ye Concert in Jakarta to Deploy 2,000 Security Personnel
More than 2,000 personnel will secure Ye’s Jakarta concert on Saturday, as organizers urge fans to use public transport.Most Popular
