Director General Of Oil And Gas Calls Pertalite's Economic Price Rp12.000

JAKARTA - PT Pertamina (Perser) has lowered the price of non-subsidized fuel oil products, namely Pertamax. This decline does not apply to Pertalite-subsidized fuel.

Director General of Oil and Gas of the Ministry of Energy and Mineral Resources (ESDM) Tutuka Ariadji said this was because Pertalite's economy was still quite high from the selling price, so the price decline could not be done.

According to the calculation, the price of Pertalite is still in the range of Rp. 12,000 per liter from the current selling price which is set at Rp. 10,000 per liter.

"The economic price is still more. More than 2,000," he said when met at the Ministry of Energy and Mineral Resources Building, Wednesday, November 1.

Furthermore, he said, if the decline in non-subsidized fuel had not become a driving force for people who had migrated using pertalite, they would return to using Pertamax.

He reasoned that the current world oil price was still unstable amid the escalation of the conflict between Hamas and Israel.

"No, I think the price is still unstable. Indeed, let's see that Hamas is getting tougher, but oil prices can go down," said Tutuka.

Tutuka said that despite conflicts in the Middle East, Saudi Arabia as oil producers still played a major role in determining world crude oil prices.

"Since yesterday he has reduced supply. But at the time of course he will increase supply. So yes, the role of Saudi Arabia and OPEC+ is decisive," concluded Tutuka.