Government Raises Prices of Solar, Pertalite, and Pertamax (RON 92) Starting September 3, 2022

The government has officially raised the prices of three types of fuel (BBM). This fuel price adjustment took effect on Saturday, September 3, 2022. Based on the percentage increase, Solar fuel saw the highest price hike at 32.04%.

In its official announcement, PT Pertamina (Persero) adjusted the prices of general fuel in accordance with the implementation of the Minister of Energy and Mineral Resources Decree (Kepmen) No. 62 K/12/MEM/2020 concerning the Basic Price Formula in Calculating the Retail Selling Price of General Gasoline and Solar Fuel Distributed Through Public Fuel Filling Stations.

The three types of fuel are: Pertalite (RON 90), which increased by Rp2,350 per liter (30.72%) to Rp10,000 per liter from the previous price of Rp7,650 per liter.

Solar fuel increased by Rp1,650 per liter to Rp6,800 per liter from the previous Rp5,150 per liter, and Pertamax (RON 92) also increased by Rp2,000 to Rp14,500 per liter from the previous Rp12,500 per liter.

This government policy to raise fuel prices comes at a time when other fuel prices are falling, in line with the decline in crude oil prices below US$100 per barrel.

Previously, on September 1, 2022, Pertamina lowered the retail selling price of non-subsidized fuel. The price of Pertamax Turbo (RON 98) decreased by Rp2,000 per liter to Rp15,900 per liter from the previous Rp17,900 per liter.

Similarly, the price of Dexlite decreased by Rp700 per liter to Rp17,100 per liter from the previous Rp17,800. The price of Pertamax Dex decreased by Rp1,500 per liter to Rp17,400 per liter from the previous Rp18,900 per liter.