Indonesian Political, Business & Finance News

HIPMI Supports Pertamax Price Adjustment for State Budget Stability

| | Source: MEDIA_INDONESIA Translated from Indonesian | Economy
HIPMI Supports Pertamax Price Adjustment for State Budget Stability
Image: MEDIA_INDONESIA

The Indonesian Young Entrepreneurs Association (HIPMI) has shared its perspective regarding the policy to adjust the prices of Pertamax-type fuel. HIPMI considers this step to be a necessary part of the government’s strategic efforts to maintain fiscal health and national economic stability.

HIPMI Secretary General, Anggawira, revealed that the government is currently facing significant challenges in maintaining the balance of the State Budget (APBN). He noted that a healthy fiscal space is essential to ensure the sustainability of various national development programmes.

“We understand that maintaining fiscal credibility is crucial. Fiscal stability directly affects macroeconomic conditions, the Rupiah exchange rate, the investment climate, and market confidence in the Indonesian economy,” Anggawira stated in a briefing on Wednesday (10/06/2026).

While supporting the government’s move, Anggawira did not deny that the increase in Pertamax prices will place pressure on operational costs across various business lines. He emphasised the importance of measured and transparent policies so that business actors can conduct thorough business planning.

To minimise negative impacts, HIPMI is urging the government to immediately prepare mitigation measures. Anggawlar suggested strengthening the efficiency of national logistics chains and providing incentives for productive sectors that are significantly affected.

“The issue is not merely the increase in fuel prices, but the chain reaction on distribution and raw material costs. The government must maintain the stability of the Rupiah exchange rate and expand access to competitive financing so that the business world has the space to transform,” he added.

Furthermore, the Secretary General of the IPB Alumni Association also emphasised the importance of accelerating the energy transition. The use of energy-efficient technologies, such as gas-based or electric vehicles, is seen as a long-term strategy that must be accelerated immediately.

“What the business world needs right now is not solely cheap energy prices, but business certainty, economic efficiency, and a conducive investment climate. With that balance, business growth and job creation can be sustained,” Anggawira concluded.

The official government policy to increase the price of non-subsidised fuel, specifically Pertamax (RON 92), to Rp16,250 per litre, is viewed as an unavoidable step. As a non-subsidised product, Pertamax prices should ideally fluctuate in accordance with economic oil prices and global market mechanisms.

The price increase for Pertamax to Rp16,250 and Pertamax Green to Rp17,000 per litre took effect on 10 June 2026. Pertamina Patra Niaga has ensured that fuel supplies at petrol stations remain secure.

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