SCMP Economy4/22/2026BusinessChina
Pertamina Raises Fuel Prices in Indonesia Amid Balancing Act Between Market Pricing and Subsidies
RON-98 petrol jumps 48% to 19,400 rupiah per litre while LPG canisters increase; analysts warn of potential consumer switching to subsidised products
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- Pertamina raised RON-98 petrol (Pertamax Turbo) to 19,400 rupiah per litre from 13,100 rupiah, and diesel products by around 60%, while also increasing 12kg LPG canisters to 228,000 rupiah in Jakarta, East Java and Central Java.
- The price hikes reflect Indonesia's balancing act between allowing market-priced fuels to track global crude costs while shielding subsidised products for lower-income households from increases that could carry economic and political consequences.
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Pertamina raised RON-98 petrol (Pertamax Turbo) to 19,400 rupiah per litre from 13,100 rupiah, and diesel products by around 60%, while also increasing 12kg LPG canisters to 228,000 rupiah in Jakarta, East Java and Central Java. The price hikes reflect Indonesia's balancing act between allowing market-priced fuels to track global crude costs while shielding subsidised products for lower-income households from increases that could carry economic and political consequences.
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This article was originally published by SCMP Economy.
