Jakarta, CNBC Indonesia – PT Pertamina (Persero) is said to be experiencing huge losses with the elimination of Ron 88 or Premium Fuel Oil (BBM) and Ron 90 or Pertalite.
This is if the price of Pertamax Cs as a transition from the two gasolines to be phased out is still intervened by the government. Thus, the price becomes inflexible, while the purchase of Pertamax gasoline will increase along with the transition.
Economist of the Institute for Development of Economics and Finance (Indef), Abra PG Talattov said that currently in the sale of Pertalite, Abra said, as a non-subsidized fuel, the price was also intervened by the government.
“I heard from Pertamina and ESDM, the price of Pertalite being sold is still below the economy, meaning selling at a loss,” explained Abra to CNBC Indonesia, Friday (12/24/2021).
This means that with the current conditions, Pertamina has experienced a potential loss from the sale of Pertalite which cannot be as flexible or adjusted.
So if Pertalite is removed and then transferred to Pertamax, it is feared that the price of Pertamax Cs will not be as flexible as the economic price or market price.
“I’m worried that if Pertalite is abolished and then Pertamax, the price will be intervened by the government, for example the selling price is below the economy, maybe Pertamina will lose more than the current condition if the system is still like it is today, if the pricing is for non-assigned fuel,” said Abra.
As is known, currently, the price of Pertamax gasoline sold by Pertamina is Rp. 9,000 per liter. This price is certainly lower when compared to the selling price of competitors who sell gasoline of the same type or ron 92 such as Shell’s Super which costs Rp. 12 thousand per liter (November 2021).
Previously, Director of Downstream Oil and Gas Business Development Soerjaningsih revealed that the government is currently preparing an environmentally friendly fuel roadmap, in which Pertalite will also be replaced with better quality fuel.
“With road map In this case, there is a timetable in which later we will use environmentally friendly fuel. There was a time when Pertalite had to dry, should shifting from Pertalite to Pertamax,” he said through an official broadcast, as quoted on Thursday (12/23/2021).
(pgr / pgr)
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