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Pertamina lowers subsidized, non-subsidized fuel prices

Jakarta Post - February 10, 2019

Jakarta – State energy holding company Pertamina announced on Sunday that it would lower the prices of non-subsidized gasoline by up to Rp 800 (6 US cents) per liter, following a drop in the global crude oil price and the rupiah strengthening against the US dollar.

Under the new policy, the price of non-subsidized Pertamax Turbo (RON 98) gasoline in Greater Jakarta has been set at Rp 11,200 per liter, Pertamax (RON 92) at Rp 9,850 per liter, while Pertalite gasoline (RON 90) remains at Rp 7,650 per liter.

The price of non-subsidized diesel fuel has been set at Rp 11,700 per liter for Dex and Rp 10,200 per liter for Dexlite.

The company also lowered subsidized Premium gasoline to Rp 6,450 per liter in Java, Madura and Bali (Jabali) from Rp 6,550 per liter.

Pertamina retail marketing director Mas'ud Khamid said the price adjustment took effect on Sunday. "We will continue to periodically evaluate the fuel prices," he said, adding that the two main factors that affected fuel prices were global crude price and the rupiah exchange rate.

The company explained fuel prices could differ in each region, depending on regional fuel taxes.

The Energy and Mineral Resources Ministry previously announced that any fuel price adjustment would have to wait for the ministry's approval. (ars/bbn)

Source: https://www.thejakartapost.com/news/2019/02/10/pertamina-lowers-subsidized-non-subsidized-fuel-prices.html