JAKARTA – PT Pertamina Haven’t made any price adjustments yet Fuel Oil (BBM), although world oil prices continue to rise.
The increase in world oil prices also pushed up the benchmark oil price set by the government. This has the potential to make Pertamina lose money.
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“Currently Pertamina is still evaluating the impact of the increase in world oil prices on our fuel selling price,” said PT Pertamina Patra Niaga’s Corporate Secretary, Sub Holding Commercial and Trading Putut Andriatno when contacted, Thursday (17/6/2021).
World oil prices continue to strengthen. Brent crude futures for August delivery rose 40 cents, or 0.5%, to $74.39 a barrel. This figure is the highest since April 2019. Meanwhile, US West Texas Intermediate (WTI) crude futures for July delivery rose 3 cents to USD72.15 per barrel.
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Putut said an evaluation was being carried out by the pricing and finance team. After the results are available, the government will consult to decide whether there is an adjustment or not.
“When will we wait for the results of the process,” he said.
