Pertamax Prices Not Necessarily Decreasing, Government Waiting for Strait of Hormuz

JAKARTA - The government has not confirmed when the price of non-subsidized fuel, including Pertamax, can be reduced even though the war tension is said to be easing.

Coordinating Minister for the Economy Airlangga Hartarto said the government was still waiting for the implementation of the peace agreement and the reopening of the Strait of Hormuz. The sea route is important for the world's energy supply.

"With the reopening of the Strait of Hormuz, we have just seen adjustments to prices again," said Airlangga at the Presidential Palace Complex, Thursday, June 18.

According to Airlangga, the reduction in the price of non-subsidized fuel cannot happen immediately. The government still has to see the implementation of the peace agreement and the supply conditions.

"This is not automatic, we also see the implementation of the peace agreement," he said.

When asked how long the price of Pertamax and other non-subsidized fuels could fall, Airlangga again gave a short answer.

"Yes, the goods will be delivered to where we see it," he said.

Airlangga also did not explain whether the government would prepare additional policy mix to respond to non-subsidized fuel prices.

"Later we will see," he said.

This statement shows that the government is still cautious. The war may subside, but energy prices are not necessarily immediately tamed. For consumers, especially non-subsidized fuel users, the answer is still the same: wait first.