Pertamax Fuel Prices Officially Increase, Experts Reveal the Reasons
Fuel providers, including PT Pertamina (Persero) and various private companies, have uniformly increased the prices of non-subsidised fuel products. Specifically, RON 92 types like Pertamax and RON 95 types like Pertamax Green 95 have seen price hikes effective from Wednesday, 10 June 2026.
Responding to this development, national energy and economic observers consider the price hike to be a rational move by the companies. This is due to the continuous surge in global crude oil prices alongside the weakening of the Rupiah amidst current geopolitical escalations in the Middle East.
Mohammad Faisal, Executive Director of the Centre of Reform on Economics (CORE) Indonesia, explained that, by regulation, non-subsidised fuel prices are floating and follow international market trends. Price adjustments should have been implemented since the Indonesian Crude Oil (ICP) price showed a significant upward trend several months ago.
“Essentially, non-subsidised fuel is floating. It follows international prices, and when the ICP has increased significantly above the economic price, an adjustment is necessary,” Faisal told CNBC Indonesia on Wednesday (10/6/2026).
According to Faisal, as a State-Owned Enterprise (SOE), Pertamina cannot adjust prices as swiftly as private operators due to its Public Service Obligation (PSO) function. However, when the gap between the economic price and the selling price becomes too wide and burdens company profits over a long period, the company must raise its selling prices.
“SOEs differ from private companies because private firms focus purely on profit and commercial interests. However, an SOE has a public service obligation function, so it does not react as instantly as a private company when facing profit declines or potential losses,” he added.
Similarly, Pri Agung Rakhmanto, Founder of the ReforMiner Institute, highlighted that oil price deviations have far exceeded the assumptions in the State Budget (APBN). Global geopolitical conditions resulting from the conflict in the Middle East since last April have pushed the ICP up to 40% above the government’s target.
“Primarily because since the war began in April, oil prices have been 40% above the APBN assumption. There is a deviation of more than 40% from the target set in the APBN, creating a deficit that must be borne by both the government and Pertamina,” said Pri Agung.
Furthermore, Pri Agung explained that the current selling price of Pertamax is actually still below its true economic cost. He estimated that with current oil prices and the Rupiah exchange rate breaching the Rp 18,000 level, the economic price for RON 92 products should ideally be in the range of Rp 19,000 to Rp 21,000 per litre.
“The economic price, if unsubsidised, given the current oil prices and Rupiah exchange rate, would likely be around Rp 19,000 to Rp 21,000 per litre. Therefore, what Pertamina is selling for RON 92 is still below the economic price,” he noted.
The price increase is predicted to impact national inflation figures, considering that Pertamax usage accounts for nearly 40% of total fuel consumption. Nevertheless, the move is seen as vital to maintaining Pertamina’s cash flow to ensure the continued and uninterrupted supply of fuel to the public.
“If they are forced to continue absorbing the costs, it might be possible, but if the supply is disrupted, the economic and political costs will be far greater,” he concluded.
PT Pertamina has officially raised the prices of two types of non-subsidised fuel starting 10 June 2026. According to the PT Pertamina Patra Niaga website, the price for Pertamax (RON 92) in Jakarta and surrounding areas is now set at Rp 16,250 per litre, an increase of Rp 3,950 from the previous Rp 12,300 per litre. At Pertashop, Pertamax is now priced at Rp 16,150 per litre.
Meanwhile, Pertamax Green 95 is now priced at Rp 17,000 per litre, up by Rp 4,100 from the previous Rp 12,900 per litre. This marks the first price hike for Pertamax following the surge in global oil prices due to the Israel-Iran conflict that broke out on 28 February 2026. While other non-subsidised fuels had seen increases since 18 April 2026, Pertamax had not yet undergone an adjustment.
Prices for Pertamax Turbo remain unchanged at Rp 20,750 per litre, consistent with the rate since 1 June 2026. Non-subsidised diesel prices also remain unchanged, with Pertamina DEX at Rp 24,800 per litre and Dexlite at Rp 23,000 per litre.
Subsidised fuels, such as Pertalite (RON 90) and subsidised Diesel, remain unchanged at Rp 10,000 and Rp 6,800 per litre, respectively.
With the changes on 10 June 2026, this marks the second price adjustment for Pertamina’s non-subsidised fuel in June 2026, following the previous adjustment on 1 June 2026.
List of Pertamina fuel prices effective 10 June 2026:
Subsidised Diesel: Rp 6,800 per litre (Unchanged)
Pertalite: Rp 10,000 per litre (Unchanged)
Pertamax (RON 92): Rp 16,250 per litre (Increased from Rp 12,300)
Pertamax Green 95: Rp 17,000 per litre (Increased from Rp 12,900)
Pertamax Turbo: Rp 20,750 per litre (Unchanged)
Dexlite: Rp 23,000 per litre (Unchanged)
Pertamina DEX: Rp 24,800 per litre (Unchanged)