Even with the Price Increase, Pertamax Remains the Cheapest in its Class

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Adi Ahdiat 01/03/2023 16:40 WIB

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Pertamina raised the price of Pertamax, effective March 1, 2023. However, it remains the cheapest RON 92 gasoline compared to other brands.

Comparison of Pertamax Prices with Other RON 92 Gasoline Brands (March 1, 2023)*

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Even with the Price Increase, Pertamax Remains the Cheapest in its Class

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Comparison of Pertamax Prices with Other RON 92 Gasoline Brands (March 1, 2023)*

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Pertamina raised the price of Pertamax from Rp12,800 to Rp13,300 per liter, effective March 1, 2023.

However, Pertamax remains the cheapest RON 92 fuel compared to other brands.

On March 1, 2023, BP 92 was priced at Rp13,950, Shell Super at Rp13,990, and Revvo 92 at Rp14,000 per liter.

Pertamina Patra Niaga Corporate Secretary Irto Ginting stated that the prices of Pertamax and other non-subsidized fuels will continue to be adjusted periodically.

"We consider supply and demand, as well as the dollar exchange rate. These factors influence changes (in fuel prices), whether up or down," said Irto Ginting, as reported by Liputan6.com on Tuesday (February 28, 2023).

According to the Ministry of Energy and Mineral Resources' report, in 2022, Indonesia's oil lifting fell to 612,000 barrels per day, the lowest in 13 years.

According to Hageng Suryo Nugroho, Energy Expert at the Presidential Staff Office (KSP), the decline in Indonesia's oil lifting is due to the condition of aging oil and gas fields and production facilities.

"New oil fields should have been opened to increase production. However, because it requires significant investment, the only option is to maximize the fields that are still economically viable to produce," said Hageng in a press release on the official KSP website (October 13, 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."