All Fuel Providers in Indonesia Raise Fuel Prices: Shell Indonesia, BP-AKR, Vivo Energy, and Pertamina

As of August 10, 2024, PT Pertamina (Persero) has increased the price of its non-subsidized RON 92 fuel, Pertamax, from IDR 12,950 to IDR 13,700 per liter.

Key Points:

• In addition to Pertamina, Shell Indonesia has also increased the prices of several of its fuel products
• The price of Pertamax has increased and is now set at IDR 13,700 per liter in regions with a 5% fuel tax Quote by Heppy
• Heppy pointed out that Pertamina's current fuel prices are some of the most affordable, with the company's primary concern being the public's purchasing power

Courtesy Source:www.cnbcindonesia.com/

Courtesy Photo Source: Edwin Petrus on Unsplash

Heppy Wulansari, Acting Corporate Secretary of Pertamina Patra Niaga, explained that the adjustment of non-subsidized fuel prices has been implemented by all fuel providers since early August 2024. According to Heppy, with this adjustment, the price of Pertamax is now IDR 13,700 per liter (for regions with a 5% fuel tax).

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"Like other fuel providers, Pertamina has also adjusted the price of non-subsidized fuel. The adjustments were made gradually. Previously, other non-subsidized fuel products such as Pertamax Turbo, Pertamax Green 95, and the Dex Series were adjusted in early August," Heppy stated in an official release on Monday, August 12, 2024.

Heppy further explained that Pertamina's decision to adjust non-subsidized fuel prices also takes into account economic stability. Although the Indonesian Crude Price (ICP) has been rising since the end of the first quarter, Pertamina Patra Niaga's non-subsidized fuel prices have remained unchanged since March 2024.

He noted that Pertamina's current fuel prices are among the most affordable, as the company's main consideration is the purchasing power of the public.

"The pricing has been set in accordance with the Ministry of Energy and Mineral Resources (ESDM) Decree No. 245.K/MG.01/MEM.M/2022, which amends Decree No. 62/K/12/MEM/2020 regarding the pricing formula for general fuel types (JBU) or non-subsidized fuel. We ensure that these prices remain the most competitive for products of comparable quality," Heppy added.

Not only Pertamina, but Shell Indonesia also raised the prices of several of its fuel products. As of August 1, 2024, Shell Super is priced at IDR 14,520 per liter, up from IDR 13,810 per liter. Meanwhile, the price of Shell V Power has increased from IDR 14,700 per liter to IDR 15,370 per liter. The price of Shell V Power Diesel has risen from IDR 15,329 per liter to IDR 15,810 per liter.

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Similarly, BP-AKR has adjusted its fuel prices for the Greater Jakarta area (Jabodetabek) as of August 1, 2024. BP 92 is now priced at IDR 13,850 per liter, up from IDR 13,400 per liter in July 2024. Meanwhile, BP Ultimate is priced at IDR 15,370 per liter, up from IDR 14,700 per liter.

Courtesy Photo Source: Khamkéo on Unsplash

Here is the list of fuel prices as of August 12, 2024, per liter:

Pertamina (DKI Jakarta):

• Subsidized Diesel: IDR 6,600
• Pertalite: IDR 10,000
• Pertamax: IDR 13,700
• Pertamax Green: IDR 15,000
• Pertamax Turbo: IDR 15,450
• Dexlite: IDR 15,350
• Pertamina Dex: IDR 15,650

Shell:

• Shell Super (RON 92): IDR 14,520
• Shell V Power (RON 95): IDR 15,370
• Shell V Power Diesel: IDR 15,810
• Shell Diesel Extra: IDR 15,480 (only in East Java)
• Shell V-power Nitro: IDR 15,600 (except in East Java)

BP-AKR:

• BP Ultimate: IDR 15,370
• BP 92: IDR 13,850
• BP Diesel: IDR 15,480 (only in East Java)
• BP Ultimate Diesel: IDR 15,810 (only in East Java)

Vivo:

• Revvo 95: IDR 15,150
• Revvo 92: IDR 14,320
• Revvo 90: IDR 12,900