Pertamax Fuel Prices Officially Increase, Experts Reveal the Reasons

Jakarta, CNBC Indonesia - Fuel retailers, including state-owned PT Pertamina (Persero) and private firms, have uniformly raised the prices of their non-subsidised fuel products, particularly RON 92 fuels like Pertamax and RON 95 such as Pertamax Green 95. The price increases took effect on Wednesday, 10 June 2026. In response, national energy and economic analysts have assessed the price hike as a rational step for the companies, given that global crude oil prices continue to surge alongside the weakening rupiah amid the current escalation of geopolitics in the Middle East. The Executive Director of the Center of Reform on Economics (CORE) Indonesia, Mohammad Faisal, explained that under regulations, non-subsidised fuel prices are meant to fluctuate in line with international market developments. He noted that a price adjustment should have been implemented months ago, as the Indonesian Crude Price (ICP) had shown a significant upward trend. “Essentially, non-subsidised fuel is floating. It follows international prices, and when the ICP has increased, if it is far above the economic price, it should be raised,” Faisal told CNBC Indonesia on Wednesday. According to Faisal, Pertamina, as a State-Owned Enterprise (SOE), cannot adjust prices as quickly as private operators due to its Public Service Obligation (PSO) function. However, when the gap with the economic price becomes too wide and burdens the company’s profits over a prolonged period, the company must increase its selling prices. “SOEs differ from private firms because private firms are purely profit and commercial considerations. But an SOE’s function is partly a public service obligation. So, they do not react immediately like a private company when there is a profit decline or even a loss,” he added. Echoing this view, ReforMiner Institute Founder Pri Agung Rakhmanto highlighted that the oil price deviation has far exceeded the assumptions in the State Budget (APBN). The global geopolitical conditions resulting from the Middle East conflict since April have driven the ICP up to 40 percent above the government’s target. “Mainly because since the war, since April, the oil price has been 40 percent above the APBN assumption. So, the oil price deviation is 40 percent more than the assumption set in the APBN. There, there is certainly a difference that must be borne by the government and Pertamina,” Pri Agung stated. Furthermore, he detailed that the current selling price of Pertamax is actually still below the true economic price. His calculations indicate that with current oil price movements and a rupiah exchange rate that has breached Rp 18,000, the economic price for the RON 92 product should ideally be in the range of Rp 19,000 to Rp 21,000 per litre. “The economic price, if not subsidised, with the current oil price and rupiah exchange rate position, is probably now around Rp 19,000 to Rp 21,000 per litre. So, what Pertamina is selling for RON 92 is still below the economic price,” he noted. The price increase is also predicted to impact the national inflation rate, considering the use of Pertamax accounts for nearly 40 percent of total fuel consumption. Nevertheless, this step is viewed as important for maintaining Pertamina’s cash flow health to ensure a steady fuel supply for the public without operational disruptions. “If it is forced to continue bearing the burden, it might be possible, but if the supply is disrupted, the economic and political cost would be much greater,” he concluded. For information, PT Pertamina officially raised the prices of two types of non-subsidised fuel starting 10 June 2026. Based on the PT Pertamina Patra Niaga website, Pertamina increased the price of Pertamax (RON 92) and Pertamax Green (equivalent to RON 95) from Wednesday, 10 June 2026. In DKI Jakarta and surrounding areas, the price of Pertamax (RON 92) from 10 June 2026 is set at Rp 16,250 per litre, an increase of Rp 3,950 per litre from the previous Rp 12,300 per litre. Meanwhile, the price of Pertamax fuel at Pertashops is now set at Rp 16,150 per litre. Pertamax Green 95 is now priced at Rp 17,000 per litre, up Rp 4,100 from the previous Rp 12,900 per litre. This is the first Pertamax price increase since the surge in global oil prices following the Israel-Iran war that broke out on 28 February 2026. While prices for other non-subsidised fuels had experienced increases since 18 April 2026, Pertamax prices had not yet been adjusted. The price for Pertamax Turbo remained unchanged at Rp 20,750 per litre, still valid since 1 June 2026. Non-subsidised diesel fuels also saw no changes, with Pertamina DEX priced at Rp 24,800 per litre and Dexlite at Rp 23,000, the same as they have been since 1 June 2026. Subsidised fuels such as Pertalite (RON 90) and subsidised diesel remained unchanged, priced at Rp 10,000 and Rp 6,800 per litre respectively. With the price change on 10 June 2026, this marks the second adjustment in June 2026 for Pertamina’s non-subsidised fuel prices, following new prices that took effect on 1 June 2026. The following is a list of fuel prices at Pertamina petrol stations, effective from 10 June 2026: Subsidised Diesel at Rp 6,800 per litre, unchanged. Pertalite at Rp 10,000 per litre, unchanged. Pertamax (RON 92) at Rp 16,250 per litre, up from Rp 12,300. Pertamax Green 95 at Rp 17,000 per litre, up from Rp 12,900. Pertamax Turbo at Rp 20,750 per litre, unchanged. Dexlite at Rp 23,000 per litre, unchanged. Pertamina DEX at Rp 24,800 per litre, unchanged.