Government United in Saying Pertamax Price Could Fall Again, Here Are the Conditions
Jakarta - The government has signalled that the price of non-subsidised fuel, including Pertamax, could potentially fall again, particularly if the downward trend in global crude oil prices continues.
Finance Minister Purbaya Yudhi Sadewa is optimistic that the weakening of global oil prices will have a positive impact on the price of non-subsidised fuel domestically. As is known, PT Pertamina (Persero) adjusted the price of non-subsidised fuel on 10 June 2026 following a surge in global oil prices. The price of Pertamax (RON 92) rose from Rp12,300 to Rp16,250 per litre, while Pertamax Green (RON 95) increased from Rp12,900 to Rp17,000 per litre.
“But I am confident that with the potential decline in global oil prices, the price of Pertamax and others will fall. The foundation of our economic growth will become stronger,” Purbaya said on Tuesday (23/6/2026). He acknowledged that when global oil prices rose, Indonesia faced a difficult test. However, he believes Indonesia has passed that difficult test. “We just need to improve the existing conditions,” he said. With these improvements, he is confident that higher economic growth can be achieved in the future. Global oil prices moved lower in trading on Monday morning (22/6/2026), after experiencing a sharp correction the previous week due to easing supply concerns from the Middle East.
Separately, Energy and Mineral Resources Ministry spokesperson Dwi Anggia confirmed that the price of non-subsidised fuel, including RON 92 Pertamax, could potentially fall if global oil prices decline. Dwi explained that non-subsidised fuel follows market price mechanisms. This is also stipulated in the Minister of Energy and Mineral Resources Decree Number 245.K/MG/01/MEM.M/2022 concerning the formula for calculating the base price of retail fuel. “Can it fall again? Certainly. When global oil prices fall, it can be confirmed that non-subsidised fuel prices will also fall. Conversely, when global oil prices rise, inevitably, non-subsidised fuel prices must adjust to their economic price,” she said at the Government Communications Office last week.