Pertamax Fuel Price Raised to Rp12,500/liter Starting Today

Translator

Ririe Ranggasari

Editor

Laila Afifa

1 April 2022 07:28 WIB

TEMPO.CO, Jakarta - State oil company Pertamina officially raised the price of non-subsidized gasoline of RON 92 type, also known as Pertamax, to Rp12,500 per liter. The price applies to regions that impose a 5-percent tax on motorized vehicles' fuels.

"Pertamina always considers people's purchasing power. The price of Pertamax is still more competitive in the market or compared to similar fuel prices from other gas station operators," Pertamina Patra Niaga acting corporate secretary, Irto Ginting, said on Thursday night, March 31.

The price increase only applies to non-subsidized fuel, which is absorbed by only 17 percent of Pertamina consumers. Irto ensured that the price of subsidized fuel, such as Pertalite and diesel, which are the fuel most consumed by 83 percent of customers, remained unchanged.

"The price is stable at Rp7,650 per liter," he said.

This price increase is the first in 3 years. Pertamina, said Irto, last adjusted the selling price of Pertamax in 2019.

The policy was made taking into account the world oil price soaring above US$100 per barrel, which pushed up the Indonesia Crude Price (ICP) to US$114.55 per barrel on March 24, up by 56 from December 2021's position.

Read: Minister Erick Thohir Apologizes for Upcoming Fuel Price Increase

Muhammad Hendartyo



Pertamina Allots US$11bn for New and Renewable Energy Programs

1 hari lalu

Pertamina Allots US$11bn for New and Renewable Energy Programs

State-run gas and oil giant PT Pertamina allocated US$11 billion in capital expenditures to accelerate the new and renewable energy programs.


Oil Prices Fall as Traders Await OPEC+ Meeting

2 hari lalu

Oil Prices Fall as Traders Await OPEC+ Meeting

Oil prices declined on Thursday, Sept. 29, as market participants awaited a key meeting by major oil producers.


Thousands of Farmers to Stage Protest Demanding Agrarian Reform

9 hari lalu

Thousands of Farmers to Stage Protest Demanding Agrarian Reform

The Labor Party president Said Iqbal announces that thousands of farmers and laborers are set to stage a protest at the State Palace on Saturday.


Pertamina Denies Lowering Pertalite Quality after Price Hike

10 hari lalu

Pertamina Denies Lowering Pertalite Quality after Price Hike

Issues that say Pertalite evaporates and runs out more quickly after its price is increased went rampant on social media.


Pertamina to Limit Pertalite Distribution

23 hari lalu

Pertamina to Limit Pertalite Distribution

State-owned gas and oil company Pertamina plans to limit the distribution of subsidized fuel, Pertalite.


Pertamina President Reveals Main Consumers of Subsidized Fuel, Pertalite

23 hari lalu

Pertamina President Reveals Main Consumers of Subsidized Fuel, Pertalite

Pertamina's president director presents data to the House of Representatives on the main consumers of subsidized fuel.


Global Oil Prices Drop; Govt Urged to Cancel Fuel Price Hike

24 hari lalu

Global Oil Prices Drop; Govt Urged to Cancel Fuel Price Hike

DPR member from the PKS faction, Mulyanto, urged the government to revoke the policy on the hike in fuel prices as the global oil prices dropped.


SOEs Minister Urges Pertamina to Maintain Fuel Supply

27 hari lalu

SOEs Minister Urges Pertamina to Maintain Fuel Supply

SOEs Minister Erick Thohir has urged state-owned oil company Pertamina to maintain the supply and availability of fuel for the next three days.


Pertamina Devising System for Effective Fuel Subsidy Distribution

27 hari lalu

Pertamina Devising System for Effective Fuel Subsidy Distribution

Energy and Mineral Resources Minister said that Pertamina is preparing a new system to ensure that subsidized fuel is distributed to the right target.


Fuel Price Increase is the Govt's Last Option: Jokowi

27 hari lalu

Fuel Price Increase is the Govt's Last Option: Jokowi

President Joko Widodo (Jokowi) stated that the decision to increase fuel prices in Indonesia was the government's last option.