Purbaya Confident Pertamax Price Will Fall, Here's Why

Jakarta - Finance Minister Purbaya Yudhi Sadewa believes the decline in global oil prices will push down the price of non-subsidised fuel oil (BBM), including Pertamax, in the country. As is known, when global oil prices rose, the government, through Pertamina, had to increase the price of Pertamax starting 10 June 2026. Pertamax (RON 92) rose from Rp12,300 to Rp16,250 per litre from 10 June. In addition, the price of Pertamax Green (RON 95) also increased from Rp12,900 to Rp17,000 per litre. Despite raising the price of non-subsidised fuel, the government maintained the price of Pertalite. “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 be even stronger,” Purbaya said on Tuesday (22/6/2026). He acknowledged that when global oil prices rose, Indonesia faced a difficult test. However, he sees that 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 Monday morning trading (22/6/2026), after experiencing a sharp correction last week due to easing supply concerns from the Middle East. Based on Refinitiv data as of 09.15 WIB, the price of Brent crude stood at US$79.48 per barrel, down 1.35% compared to last Friday’s closing position of US$80.57 per barrel. Meanwhile, West Texas Intermediate (WTI) crude was at US$76.46 per barrel, down slightly by 0.18% from the previous position of US$76.60 per barrel. This movement extends the correction phase that has occurred since mid-June. On 10 June, Brent was still perched at US$93.10 per barrel and WTI at US$90.03 per barrel. This means that in less than two weeks, Brent has lost about 14.6% of its value, while WTI has fallen by about 15%.