Thursday, December 7, 2023

Pertamina Retains Gasoline Price below 55 Cents a Liter

The Jakarta Globe
March 9, 2022 | 2:54 am
Workers at a Pertamina fuel pump serve customers in Kampung Melayu, East Jakarta. (Emral Firdiansyah)
Workers at a Pertamina fuel pump serve customers in Kampung Melayu, East Jakarta. (Emral Firdiansyah)

Jakarta. State-owned oil company Pertamina retains the price of subsidized fuel product Pertalite below Rp 8,000 (55 US cents) per liter despite surging crude oil prices and a major disruption in global energy supplies due to Russia’s military offensive in Ukraine.

In most parts of the country, the 90 octane gasoline sells at Rp 7,650 a liter while other brands of a similar octane level are priced between Rp 8,900 and Rp 11,990.

“We must stabilize the price of Pertalite which makes up a vast majority of vehicle fuel consumption here,” Mulyanto, a member of the House of Representatives energy commission, said on Tuesday.

He said a hike in Pertalite price would easily drive up inflation and weaken people’s purchase power.


Pertamina’s trading arm Patra Niaga has announced that the last time Pertalite price saw a hike was in January 2019. 

Pertalite accounts for 52 percent of the national vehicle fuel consumption, while Pertamina’s non-subsidized fuel products like Pertamax and Pertadex brands have a 13 percent share, according to company data.

Montty Girianna, a deputy for the chief economic minister, said earlier that the government will retain Pertalite’s current price until at least the next six months although it’s already well below the production cost.

Tags: Keywords:


News 3 hours ago

Father Allegedly Murders His Four Children in South Jakarta

The mother of the victims had been hospitalized since Saturday due to injuries sustained from an attack by her husband.
Special Updates 4 hours ago

BNI Life Vows to Make Continuous Innovations

BNI Life’s assets stood at Rp 24.33 trillion, up by 5 percent year-on-year.
Business 5 hours ago

Hong Kong Investors Show Strong Appetite for Indonesia

Hong Kong businesses ranging from energy sector to toy manufacturing are eyeing Indonesia expansion.
News 6 hours ago

Putin Visits Saudi Arabia and UAE as Ukraine War Grinds on

Soldiers on horseback and with camels lined his arrival route, Russian and Emirati flags also hanging from light poles.
Tech 8 hours ago

Trade Minister Greenlights TikTok's Collaboration with GoTo for E-commerce Venture

Trade Minister Zulkifli Hasan has given the green light for collaboration between ByteDance Ltd and GOTO to establish an e-commerce platform

Popular Tag

Opini Title