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Indonesia Pertamax Price Hike

Indonesia ๐Ÿ‡ฎ๐Ÿ‡ฉ Economy & Trade

4 articles from 1 country

Indonesia's non-subsidized Pertamax fuel prices have surged, with Pertamax (RON 92) increasing to Rp16,250 per liter and Pertamax Green 95 to Rp17,000 per liter. This move aims to stabilize the rupiah and ease state budget pressure, though it prompts consumers to shift to cheaper alternatives like subsidized Pertalite.

๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia/Indonesian

Pertamax Price Hike Seen as Momentum for Middle-Class Lifestyle Evaluation

- An economic observer suggests the recent price increase of Pertamax fuel is a crucial moment for Indonesia's middle class to re-evaluate their lifestyles. - The government faces limited fiscal options and is not an oil exporter, necessitating such policy decisions. - The impact of Pertamax price hikes primarily affects personal mobility, unlike diesel price increases which impact logistics and gโ€ฆ