Adjusted Periodically, Pertamax Remains the Most Competitive RON 92 in Indonesia

Jakarta, September 4, 2022 - Pertamina Patra Niaga, Sub Holding Commercial & Trading PT Pertamina (Persero), re-imposed periodic price adjustments for Pertamax products. This price adjustment mechanism is carried out again as before the pandemic, considering that Pertamax is a non-subsidized fuel whose price fluctuates according to the latest developments and trends from the oil and gas industry, especially world oil prices or ICP.

Corporate Secretary of Pertamina Patra Niaga, Irto Ginting, explained that in the last few months Pertamax's price was not adjusted periodically following the ICP trend. Therefore, up to now, Pertamax's selling price is different from the economic price.

"It was recorded that from March to September 2022, RON 92 fuel which is equivalent to Pertamax, has been periodically adjusted by other business entities, while Pertamax only adjusted the price once, last April," explained Irto.

With the ICP trend, which was still high last August at around 94.17 USD/Barrel, Pertamina Patra Niaga set a new price for Pertamax, effective from September 3. The selling price of Pertamax is IDR 14,500 per liter for the DKI Jakarta area or areas with a 5% vehicle fuel tax (PBBKB).

"This price adjustment already follows the regulation of the Minister of Energy and Mineral Resources No. 62/K/12/MEM/2020 concerning price formulation for general fuel types (JBU). Compared to all RON 92 products, Pertamax price is still the most competitive," added Irto.

Irto continued, this price adjustment will continue to be balanced with stock availability and guaranteed distribution to all petrol stations in Indonesia.

"This is Pertamina's commitment to maintaining national energy security. In terms of price, it is still the most competitive. So people do not need to worry, and in the future, Pertamax prices will continue to be evaluated following the world oil prices trend. It was already applied when Pertamina evaluated and lowered the prices of Pertamax Turbo, Dexlite, and Pertamina Dex," he conveyed.

For complete information regarding all the latest Pertamina product prices, the public can access the following website https://www.pertamina.com/id/news-room/announcement/List-harga-bbk-tmt-3-september-2022 or can directly contact Pertamina Call Center (PCC) 135.**