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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% to Rp13,700 per liter.
Before the Pertamax price increase, RON 92 fuel prices from private brands had already risen.
At the beginning of August 2024, the price of RON 92 fuel from Shell, branded Shell Super, increased by 5.1% (month-on-month/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.
In comparison, the percentage increase in the Pertamax price is higher than that of private brands. However, the nominal value remains cheaper.
"Although [Pertamax] has increased, its price is still below other business entities," said Energy and Mineral Resources Minister Arifin Tasrif, as reported by Katadata.co.id on Sunday (August 11, 2024).
"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."