JAKARTA - In the midst of skyrocketing world oil prices, PT Pertamina (Persero) on Sunday, July 10, again raised the price of non-subsidized fuel oil (BBM) of the Pertamax Turbo and Dex Series types as well as non-subsidized LPG of the Bright Gas type.
"Pertamina's fuel price has been designed as a form of appreciation for you in providing excellent service at our gas stations. Fuel prices are effective from July 10, 2022," Pertamina's official statement said on the MyPertamina website quoted in Jakarta, Sunday, July 10.
Pertamina stated that the portion of Pertamax Turbo and Dex Series products is only five percent of the total national fuel consumption. Meanwhile, the portion of non-subsidized LPG products is only six percent of the total composition of national LPG.
The price of Pertamax Turbo which was previously sold for IDR 14,500 per liter is now IDR 16,200 per liter, Pertamina Dex which was originally IDR 13,700 has now become IDR 16,500 per liter, and the price of Dexlite has increased from IDR 12,950 to IDR 15,000 per liter. Meanwhile, the price of Bright Gas LPG also rose by around IDR 2,000 per kilogram.
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Pertamina Patra Niaga Corporate Secretary Irto Ginting explained that the reason for the increase in the price of non-subsidized fuel and LPG was due to following developments in world oil and gas prices.
In June 2022, the Indonesian crude price (ICP) was valued at US$117.62 or 37 percent higher than the price in January 2020.
Meanwhile, the price of LPG based on Aramco's contract price (CPA) last month touched 725 metric tons, or 13 percent higher than the average price throughout last year.
Irto claimed that despite the price adjustment policy, the price was still relatively competitive when compared to similar products sold by a number of fuel and LPG distribution companies in Indonesia.
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