{
    "success": true,
    "data": {
        "id": 1686127,
        "msgid": "pertamina-raises-fuel-prices-bahlil-says-market-forces-at-play-1776531053",
        "date": "2026-04-18 19:30:10",
        "title": "Pertamina Raises Fuel Prices; Bahlil Says Market Forces at Play",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Energy",
        "summary": "Indonesia's state-owned oil company Pertamina has increased prices for non-subsidised fuels, including a significant 66% hike for Dexlite to Rp 23,600 per litre, in response to global crude oil fluctuations and rupiah depreciation against the US dollar. Energy Minister Bahlil Lahadalia defended the move, emphasising that these adjustments align with market mechanisms as per 2022 regulations, while subsidised fuels remain protected for lower-income groups. The policy aims to enhance energy security by boosting upstream oil and gas investments through government tenders, potentially attracting more investors to Indonesia's energy sector.",
        "content": "<p>Pertamina Raises Fuel Prices; Bahlil Says Market Forces at Play<\/p>\n<p>Magelang, C. Java. Energy and Mineral Resources Minister Bahlil\nLahadalia defends Pertamina\u2019s decision to raise non-subsidized fuel\nprices, saying the adjustments follow market mechanisms tied to global\noil prices and currency movements.<\/p>\n<p>\u201cFuel that is regulated by the government is subsidized fuel.\nMeanwhile, non-subsidized fuel follows market prices in accordance with\nthe 2022 ministerial regulation,\u201d Bahlil said after a leadership retreat\nfor regional legislative councils at the Military Academy in\nMagelang.<\/p>\n<p>He added that high-quality fuels such as Pertamax Turbo, which has a\nResearch Octane Number (RON) of 98, as well as diesel with higher cetane\nnumbers, are typically consumed by higher-income groups and therefore\nfall outside the subsidy scheme.<\/p>\n<p>The latest price adjustments reflect fluctuations in global crude oil\nprices and the rupiah\u2019s exchange rate against the US dollar, prompting\nPertamina to review retail fuel prices periodically.<\/p>\n<p>As of Saturday, the price of Pertamax Turbo rose to Rp 19,400 ($1.13)\nper liter, up Rp 6,300 from its previous level.<\/p>\n<p>Other non-subsidized fuels also saw steep increases. Dexlite recorded\nthe sharpest hike, surging by around 66% to Rp 23,600 per liter from Rp\n14,200. Pertamina Dex rose to Rp 23,900 per liter from Rp 14,500.<\/p>\n<p>Meanwhile, prices for Pertamax remained unchanged at Rp 12,300 per\nliter, and Pertamax Green 95 held steady at Rp 12,900 per liter.<\/p>\n<p>The new pricing applies to regions such as Jakarta and Banten, with\nvariations in other areas depending on local taxes and distribution\ncosts.<\/p>\n<p>Beyond fuel pricing, Bahlil also highlighted Indonesia\u2019s upstream oil\nand gas potential, noting that exploration activities depend on the\ngovernment\u2019s tender system for oil and gas blocks.<\/p>\n<p>\u201cExploration can only proceed after companies participate in and win\na block tender,\u201d he said.<\/p>\n<p>The government is continuing efforts to boost investment in upstream\noil and gas to strengthen national energy security. Officials expect\nthat aligning non-subsidized fuel prices with market dynamics, alongside\nincreased exploration activity, will help maintain energy stability\nwhile attracting investors to Indonesia\u2019s energy sector.<\/p>\n<p>Tags: Keywords:<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pertamina-raises-fuel-prices-bahlil-says-market-forces-at-play-1776531053",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}