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View all search resultsNonsubsidized fuel prices hiked sharply as supply strains worsen
Pertamina has significantly raised the prices of several nonsubsidized fuel products effective Saturday as blockades in the Middle East and economic sanctions continue to roil the global oil market.
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A cargo ship in the Gulf, near the Strait of Hormuz, is seen on March 11 from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, in the United Arab Emirates. (Reuters/-)
P
ertamina has significantly raised the prices of several nonsubsidized fuel products effective Saturday as blockades in the Middle East and economic sanctions continue to roil the global oil market.
The price of RON-98 Pertamax Turbo gasoline in Jakarta was upped to Rp 19,400 (US$1.13) per liter, a steep increase from Rp 13,100.
Diesel variants saw even sharper adjustments, with Dexlite climbing from Rp 14,200 to Rp 23,600 per liter and Pertamina Dex rising from Rp 14,500 to Rp 23,900.
However, the state-owned oil and gas company confirmed that the prices of subsidized fuels Pertalite and Biosolar remained unchanged at Rp 10,000 and Rp 6,800, respectively.
RON 92 Pertamax and Pertamax Green are also maintained at Rp 12,300 and Rp 12,900 per liter.
The fuel price hike reflects mounting pressure on global supply chains.
Bhima Yudhistira, executive director of the Center of Economic and Law Studies (CELIOS), said the sharp hike in nonsubsidized fuel prices, particularly the 65 percent surge in Pertamina Dex, would ripple through the broader economy and propel inflation.
