Deputy Energy Minister: Pertamax Prices Follow Global Oil Market Trends

The Deputy Minister of Energy and Mineral Resources (ESDM), Yuliot, stated that the prices of non-subsidised fuels, such as Pertamax, follow the global oil market prices.

“For Pertamax, the principle is that it follows the market price,” Yuliot said when met after The 12th IndoEBTKE ConEx 2026 held in Jakarta on Wednesday.

Yuliot explained that Pertamina utilises a specific formula to calculate non-subsidised fuel prices, which involves adding a profit margin to the cost of goods sold (BPP).

“We look at the average price of the global oil market. From that average price, we determine Pertamina’s cost of goods sold, and then add a margin,” Yuliot added.

Fuel prices underwent changes for several products on 1 September 2026. Pertamina announced price increases for several non-subsidised fuels, namely Dexlite, Pertamina Dex, Pertamax Turbo, and Pertamax Green.

In the Greater Jakarta area (Jabodetabek), the price of Dexlite (CN 51) rose to Rp23,700 per litre from 1 September, up from Rp19,700 per litre. The price for Pertamina Dex (CN 53) also increased from Rp21,150 per litre to Rp25,200 per litre starting 1 September 2026.

Furthermore, the price of Pertamax Turbo increased from Rp18,300 per litre in August to Rp19,600 per litre effective 1 September 2026, while Pertamax Green 95 rose from Rp16,600 per litre to Rp19,150 per litre, effective 2 September 2026.

Meanwhile, the price of Pertamax has remained at the level of Rp15,950 per litre since 1 August 2026. Prices for subsidised and assigned fuels remain unchanged, with Pertalite at Rp10,000 per litre and Biosolar at Rp6,800 per litre.

According to Sputnik, global Brent crude prices rose to over US$96 per barrel amidst a new wave of tensions between the United States and Iran, according to trading data.

At 00:58 GMT, Brent crude oil futures for December delivery rose 1.48 per cent from the previous close to US$96.65 per barrel. Meanwhile, WTI futures for October delivery rose 1.98 per cent to US$92.20 per barrel.

These figures represent a significant surge compared to the end of August. Brent crude prices had previously dropped to around US$86.2 per barrel at the end of August 2026, continuing a 2.4 per cent decline in the previous session. Similarly, West Texas Intermediate (WTI) had fallen 5.5 per cent to US$80.40 per barrel.