{
    "success": true,
    "data": {
        "id": 1795554,
        "msgid": "pertamina-admits-it-could-no-longer-hold-market-prices-before-raising-pertamax-1781085717",
        "date": "2026-06-10 16:17:35",
        "title": "Pertamina Admits It Could No Longer Hold Market Prices Before Raising Pertamax",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Economy",
        "summary": "Pertamina Patra Niaga has revealed that it was forced to raise the price of non-subsidised fuels like Pertamax to maintain domestic stock availability. The state-owned energy firm had been absorbing losses since March 2026, selling imported fuel domestically at lower prices due to geopolitical tensions affecting global crude. The growing disparity between high import costs and domestic revenue eventually diminished its ability to purchase sufficient supply volumes.",
        "content": "<p>Pertamina Patra Niaga\u2019s Vice President of Commercial &amp; Shipping\nBusiness Development, Sigit Setiawan, has explained the reason the\ncompany finally raised the price of non-subsidised fuels such as\nPertamax. The main reason was to maintain stock availability. Sigit\nexplained that since the outbreak of war involving the United States,\nIsrael, and Iran, the price of fuel imported by Pertamina from abroad\nhas been higher than the price of fuel sold domestically. \u201cSome time ago\nwe were still able to hold it, but why can\u2019t we hold it today? Because\nwe have to ensure the availability of goods in the market,\u201d Sigit said\nduring an Energy Gathering entitled \u201cEnergy Transition in Mitigating\nGlobal Conflict\u201d at IPB University, Bogor, West Java, on Wednesday. He\ncontinued that at the time, Pertamina understood the government\u2019s very\ndifficult position as it had to maintain people\u2019s purchasing power. If\nPertamina had adjusted fuel prices in accordance with world oil price\nfluctuations, production costs would have also increased. This condition\nwas feared to be an obstacle to economic growth movement. \u201cIf production\ncosts rise, it will affect the selling price of the resulting products.\nThat means market prices will rise. Can consumers afford to buy? It\u2019s\ncertainly difficult,\u201d Sigit said. Therefore, Pertamina had been holding\nthe price of non-subsidised fuel from March 2026 until early June 2026.\nHowever, this step impacted Pertamina\u2019s ability to purchase fuel.\n\u201cPertamina imported fuel at high prices, then we sold it domestically at\nlow prices. The money we received (from domestic sales) to buy fuel on\nthe market (imports) no longer obtained the same volume,\u201d Sigit stated.\nThe gap between Pertamina\u2019s income and expenditure meant the state-owned\noil company could no longer import fuel at the same volume. The\nimplication was that the volume of fuel imported by Pertamina continued\nto decline, thereby affecting fuel stocks. \u201cWe do not want this\ncondition to continue like this, so that the availability of energy\nproducts in the community decreases. When there is peak demand, this\ncondition (declining energy stocks) will become a problem,\u201d Sigit\nsaid.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pertamina-admits-it-could-no-longer-hold-market-prices-before-raising-pertamax-1781085717",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}