Will Pertamax Prices Fall When Global Oil Prices Drop? ESDM: Definitely

The Ministry of Energy and Mineral Resources (ESDM) has stated that the price of non-subsidised fuel oil (BBM), including Pertamax, has the potential to decrease if global crude oil prices fall. ESDM Ministry Spokesperson Dwi Anggia said the pricing of non-subsidised BBM follows market price developments and economic pricing, so global oil price movements will directly affect domestic selling prices. “So, can it fall? Definitely. When world oil prices fall, it is certain that non-subsidised BBM prices will also fall,” Anggia said at the Government Communication Agency Auditorium in Jakarta on Wednesday (17/6/2026). She explained that the same principle applies when world oil prices rise. Under these conditions, adjustments to the economic price must be made. The government has attempted to hold back increases in non-subsidised BBM prices to maintain public purchasing power. Following the direction of President Prabowo Subianto, the government, together with State-Owned Enterprises (BUMN) and private companies, had discussions to maintain non-subsidised BBM prices amidst global energy market turmoil. With rising world oil prices, Anggia said, BUMN ultimately need to make adjustments. “With increasingly dynamic price fluctuations, business operators must inevitably adjust to the economic price. So if asked whether world oil prices will fall, they will. There will certainly be adjustments for the reduction of non-subsidised BBM prices as well,” she clarified. Anggia stressed that the public needs to understand the difference between subsidised and non-subsidised BBM. According to her, the government ensures that subsidised BBM prices, namely Pertalite and subsidised diesel, are maintained to protect vulnerable groups. Meanwhile, non-subsidised BBM prices such as Pertamax, the Dex Series and others follow market mechanisms and global crude oil price developments.