Pertamina Adjusts Fuel Prices in Indonesia
Jakarta – Indonesian state-owned energy company Pertamina announced adjusted fuel prices effective December 1, 2024. While some fuel types saw increases, others remained unchanged.
These adjustments are in line with the Indonesian Ministry of Energy and Mineral Resources (ESDM) regulation No. 245.K/MG.01/MEM.M/2022, which updates the formula for calculating retail fuel prices.
"Officials fill Pertalite type fuel oil (BBM) for two-wheeled vehicles at a gas station in Jakarta, Monday (18/11/2024). (CNBC Indonesia / Faisal Rahman)"
Price Hikes for Select Fuel Types:
- Pertamax Turbo (RON 98) saw a slight price increase in Jakarta, rising from IDR 13,500 to IDR 13,550 per liter.
- Dexlite also experienced a price hike, moving from IDR 13,050 to IDR 13,400 per liter.
- Pertamina DEX is now priced at IDR 13,800 per liter, up from IDR 13,440.
Prices Remain Stable:
- Pertamax (RON 92) will retain its price of IDR 12,100 per liter.
- The prices for subsidized fuels, Pertalite (RON 90) and diesel, remain unchanged.
Fuel Price List for Jakarta (Effective December 1, 2024):
- Biodiesel: IDR 6,800 per liter (fixed)
- Pertalite: IDR 10,000 per liter (fixed)
- Pertamax (RON 92): IDR 12,100 per liter (fixed)
-
Pertamax Turbo (RON 98): IDR 13,550 per liter
- Pertamax Green 95 (RON 95): IDR 13,150 per liter (fixed)
- Dexlite: IDR 13,400 per liter
- Pertamina DEX: IDR 13,800 per liter
These price variations reflect the changing dynamics of the global energy market and Indonesia’s ongoing efforts to manage fuel subsidies.
These price changes are effective nationwide, impacting every province from Aceh to Papua.
And for those interested in learning more about Pertamina’s commitment to a healthy lifestyle:
[Video: Holding Eco Runfest, Pertamina invites people to live a healthy life]
2024-11-30 15:08:00
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## Pertamina Fuel Price Hike hits Some Consumers in Indonesia
**Jakarta, Indonesia** – State-owned energy giant Pertamina has announced fuel price adjustments effective December 1, 2024, impacting select non-subsidized fuel types while keeping others stable. This move comes as Indonesia navigates the complexities of global energy market fluctuations and its commitment to managing fuel subsidies.
To provide expert insight into these changes and their implications for the Indonesian economy and consumers,we sat down with Dr. Ratih Kuswardani, Senior Economist at the Institute for growth of Economics and Finance (INDEF), and Mr.Arya Wibisono, Energy Analyst at the Indonesian Center for Energy Economics (ICE).
### Understanding the Price Adjustments
**WTN:** Dr. Kuswardani, can you shed light on why Pertamina has opted for these specific fuel price adjustments?
**Dr. Kuswardani:** The price hikes primarily target non-subsidized fuels, indicating Pertamina’s efforts to align domestic prices with global trends. We’ve seen oil prices experiencing some volatility lately. These adjustments aim to ensure Pertamina can maintain its financial sustainability while providing subsidized fuel at affordable rates for the broader population.
**WTN:** Mr. Wibisono, how might these price changes affect consumer behavior and demand?
**Mr. Wibisono:** We might see a slight shift in consumer choices. While those reliant on subsidized fuels like Pertalite and diesel will remain relatively unaffected, consumers who opt for premium non-subsidized gasoline might consider switching to more economical options or adjusting their driving habits.
### Impact on the Economy and Subsidy Policy
**WTN:** Dr.Kuswardani, what broader macroeconomic implications might these price adjustments have for Indonesia?
**Dr.Kuswardani:** “It’s a delicate balancing act. While the price increases on non-subsidized fuels could contribute to a slight inflationary pressure, the government’s commitment to maintaining subsidized fuel prices acts as a buffer for the most vulnerable segments of society.” The key is for the government to continue refining its subsidy policy, ensuring it remains targeted and efficient.
**WTN:** Mr. Wibisono, what are your thoughts on the long-term sustainability of Indonesia’s fuel subsidy program?
**Mr. Wibisono:** The program offers crucial protection against rising energy costs, but its sustainability is a concern. We need to explore alternative energy solutions and encourage fuel efficiency to reduce our reliance on subsidies in the long run.
### Looking Ahead: Consumer Adaptability and Energy Transition
**WTN:** Dr. Kuswardani, what advice would you give to Indonesian consumers navigating these fuel price changes?
**Dr. Kuswardani:** “Stay informed, monitor your fuel consumption, and explore fuel-efficient driving practices. Consumers have a responsibility to be mindful of their energy usage and make informed choices that benefit both their wallets and the habitat.”
**WTN:** Mr. Wibisono,what steps can indonesia take to mitigate the impact of future fuel price fluctuations?
**Mr. Wibisono:** “Accelerating the transition to renewable energy sources, improving energy efficiency across sectors, and promoting public transportation are crucial long-term strategies. Diversification of our energy mix will not only reduce our vulnerability to global price shocks but also contribute to a more lasting future.”
**key Takeaways**
Pertamina’s fuel price adjustment highlights the complex challenges facing Indonesia amidst global energy market volatility.
While subsidized fuel prices remain stable, consumers of non-subsidized options will need to adjust their budgets and driving habits.
The Indonesian government faces the ongoing challenge of balancing affordability with long-term energy sustainability.
**What are your thoughts on these fuel price adjustments? Share your insights in the comments below!**
**For further reading,explore our articles on:**
* Indonesia’s Renewable Energy Transition: Opportunities and Challenges
* The Impact of Global Energy Prices on Southeast Asian Economies
* Fuel Subsidies in Indonesia: A Policy Review
