Pertamax Price Increase: How Much Stock Is Currently Available?

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Reza Pahlevi 01/04/2022 14:00 WIB

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Citing Pertamina data as of Saturday, March 27, 2022, Pertamax fuel reserves totaled 927,000 kiloliters, estimated to be sufficient for 25.99 days.

Pertalite and Pertamax Stock Inventory by Location (as of March 27, 2022)

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Pertamax Price Increase: How Much Stock Is Currently Available?

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Pertalite and Pertamax Stock Inventory by Location (as of March 27, 2022)

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PT Pertamina (Persero) has raised the price of Pertamax gasoline from Rp9,000 to approximately Rp12,500-Rp13,000 per liter.

This new price is effective starting Friday, April 1, 2022.

Citing Pertamina's data, the Pertamax stock reserve was recorded at 927,000 kiloliters as of March 27, 2022.

These reserves are distributed across refineries, ship transit points, and oil depots, as shown in the graph.

Pertamina estimates that the Pertamax stock reserve as of March 27, 2022, is sufficient for 25.99 days, higher than the coverage days of Pertalite.

As of March 27, 2022, the Pertalite stock was recorded at 1.16 million kiloliters. However, the Pertalite stock is estimated to be sufficient for only 15.7 days due to its higher consumption rate compared to Pertamax.

Pertamax Stocks Above Standard, But Pertalite Falls Short

According to Regulation Number 9 of 2020 from the Upstream Oil and Gas Regulatory Agency (BPH Migas), fuel providers must have a minimum fuel stock reserve of 17 days in 2022 and 2023.

Based on this regulation, Pertalite stocks are 1.29 days short of the minimum requirement.

Meanwhile, Pertamax reserves exceed the minimum requirement by 8.99 days.

Pertamax Consumers Switching to Pertalite?

Mamit Setiawan, Executive Director of Energy Watch, assesses that the Pertamax price increase has the potential to drive consumers to switch to Pertalite, considering that Pertalite is still priced at Rp7,650 per liter.

"If (the Pertamax price) is below Rp15,000 per liter, the shift (to Pertalite) will not be too significant, perhaps 20 percent," said Mamit, as reported by Katadata.co.id on Thursday (March 31).

(See also: Pertamax Sales Projected to Surge up to 14.8% during Ramadan 2022)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."