Fuel Price Changes as of November 1, Which Ones Are Rising and Which Are Stable?

Kapanlagi.com - Starting November 1, 2024, PT Pertamina (Persero) officially announced an increase in the price of non-subsidized fuel (BBM) for several categories. This increase includes types of fuel such as Pertamax Green 95, Pertamax Turbo, Dexlite, and Pertamina Dex. However, for users of subsidized fuel and Pertamax (RON 92), don’t worry! Their prices will remain unchanged as before.

The adjustment of non-subsidized fuel prices is a response from Pertamina to the Minister of Energy and Mineral Resources (ESDM) Decision No. 245.K/MG.01/MEM.M/2022. This policy regulates the basic price formula that serves as a reference for setting the retail prices of non-subsidized fuel at public fuel filling stations (SPBU) across the country.

Although some types of fuel will see price increases, subsidized fuel prices such as Pertalite (RON 90) and Solar will remain stable. This policy is part of the government's efforts to maintain the purchasing power of the public amid the ongoing global energy price fluctuations.

To learn more, here is the complete list of fuel price changes as of November 1, 2024, in various regions of Indonesia, as reported by Kapanlagi.com on Friday (11/1).

1. Details of Non-Subsidized Fuel Price Increases in Various Regions

PT Pertamina (Persero) has just announced the adjustment of non-subsidized fuel prices applicable in various areas, including DKI Jakarta and its surroundings. Now, the price of Pertamax Green 95 has soared to Rp13,150 per liter, while Pertamax Turbo has increased to Rp13,500 per liter. For diesel fuel, Dexlite has risen from Rp12,700 to Rp13,050 per liter, and Pertamina Dex has also been adjusted from Rp13,150 to Rp13,440 per liter.

This price increase is not only applicable in Jakarta but also reaches the regions of Sumatra, Kalimantan, and Nusa Tenggara, with interesting price variations, such as in West Sumatra where Pertamax Turbo touches Rp14,100 per liter, while in the Free Trade Zone (FTZ) of Batam, the price is more friendly at Rp12,800 per liter. This step is taken in response to the ESDM Ministerial Regulation that regulates the selling price of non-subsidized fuel, to offset fluctuations in global oil prices that impact production costs.

2. List of Stable Subsidized Fuel Prices

The government ensures that the prices of subsidized fuel, such as Pertalite (RON 90) and subsidized diesel, remain stable without any increases in November 2024. Pertalite will continue to be sold at Rp10,000 per liter, while subsidized Biosolar is set at Rp6,800 per liter.

This step is taken as a manifestation of the government's commitment to protect the purchasing power of the people amid the turmoil of global energy prices. "The determination of these stable subsidized fuel prices is our effort to shield the public from the impacts of fluctuations in international energy prices," said a representative of PT Pertamina.

3. Basis for Non-Subsidized Fuel Price Adjustment Policy

Starting November 1, a new policy regarding the increase in non-subsidized fuel prices has officially been implemented, based on the Minister of Energy and Mineral Resources Decree No. 245.K/MG.01/MEM.M/2022, which is a revision of the previous regulation.

This step is taken to adjust the prices of gasoline and diesel sold at gas stations to the actual production and distribution costs, in order to ensure the sustainable availability of fuel throughout the country. With this price adjustment, the government hopes that non-subsidized fuel prices can better reflect economic value, so that the allocated subsidies can be more targeted and efficient.

4. Impact of Non-Subsidized Fuel Price Increase on Society

The increase in non-subsidized fuel prices, such as Pertamax Green 95 and Dexlite, is predicted to burden household expenditures, prompting energy observers to encourage the public to switch to subsidized fuel to alleviate costs.

However, there is good news for residents in FTZ areas like Batam, who will enjoy more affordable non-subsidized fuel prices thanks to government policies that provide privileges in certain economic zones.

5. Plan for Restructuring Subsidized Fuel Distribution to Target the Right Recipients

The government is preparing strategic steps to overhaul the distribution system of subsidized fuel, which is planned to be implemented starting at the end of this year, to ensure that this assistance truly reaches those in need.

Fahmy Radhi, an energy observer from Gadjah Mada University, emphasizes how crucial this restructuring is, considering that misdirected distribution could have fatal consequences for the state budget (APBN).

6. Why did the price of non-subsidized fuel increase as of November 1, 2024?

The increase in the price of non-subsidized fuel is triggered by the decision of the Minister of Energy and Mineral Resources to update the base price formula, in response to rising production costs. This is a strategic step to ensure the stability of supply and energy quality amid ongoing economic challenges.

7. Which subsidized fuels did not experience an increase?

The price of Pertalite (RON 90) and subsidized Diesel remains stable, each fixed at Rp10,000 and Rp6,800 per liter. This decision provides certainty for users, who can continue to rely on these two fuels without worrying about price spikes.

8. How are non-subsidized fuel prices in the FTZ area?

In FTZ areas such as Batam, the prices of non-subsidized fuel are more favorable thanks to special policies applied in certain economic zones, making this place not only an industrial hub but also an oasis for drivers looking to save on expenses.

9. Will the restructuring of subsidized fuel distribution be implemented this year?

The government is currently designing a smart strategy to restructure the distribution of subsidized fuel, with the hope that this assistance will be more targeted and able to lighten the burden on the State Revenue and Expenditure Budget (APBN). This step is taken to ensure that the allocated subsidies truly reach the communities in need, while also maintaining the stability of the state’s finances.

(kpl/rmt)