Pertamax Price Increases, but Remains Below Private Sector Fuel Prices

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Adi Ahdiat 12/08/2024 11:35 WIB

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Pertamax fuel prices will increase starting August 10, 2024. However, the price remains lower than comparable RON 92 fuels from private brands such as Shell and BP.

Prices of RON 92 Gasoline from Shell, BP, and Pertamina (January 2022-August 2024)*

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Prices of RON 92 Gasoline from Shell, BP, and Pertamina (January 2022-August 2024)*

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Pertamina Patra Niaga increased the price of Pertamax fuel starting August 10, 2024.

Previously, the price of Pertamax in Jakarta and surrounding areas was Rp12,950 per liter, then increased by 5.8% (month-on-month/mom) to Rp13,700 per liter.

"Like other business entities, Pertamina also gradually adjusts the prices of non-subsidized fuel," said Heppy Wulansari, Acting Corporate Secretary of Pertamina Patra Niaga, in a press release on Saturday (August 10, 2024).

"We ensure that this price remains the most competitive for products of equivalent quality," she added.

Although increased, the price of Pertamax is still cheaper than comparable fuels from private brands.

At the beginning of August 2024, the price of RON 92 fuel from Shell, branded Shell Super, increased by 5.1% (mom) to Rp14,520 per liter.

Then, the price of equivalent quality fuel from BP, branded BP 92, increased by 3% (mom) to Rp13,850 per liter.

The price of Pertamax has generally always been lower than private-brand fuels, at least in the last two years.

However, since the last quarter of 2022 until now, the price difference has tended to be small, as seen in the graph.

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."