JustUpdateOnline.com – Jakarta. The recent downward trend in international crude oil benchmarks has opened the door for a potential price reduction in non-subsidized fuels across Indonesia. Pertamina’s leadership is currently evaluating the situation to align domestic retail rates with the shifting global energy landscape.
Mochamad Iriawan, the President Commissioner of Pertamina, announced on Friday (June 26) that the board of commissioners has formally encouraged the company’s directors and management to prepare for a phased price adjustment. This strategic move is expected to take effect as early as the beginning of July 2026.
“We are urging the management team to promptly respond to the softening of global oil prices by adjusting our fuel rates accordingly,” Iriawan stated, emphasizing the need for the company to remain responsive to market fluctuations.
Despite the optimistic outlook, consumers may not see an immediate drop at the pump. Iriawan explained that the fuel currently being distributed was manufactured from crude oil purchased during previous weeks when market prices were significantly higher. Because of the inherent lag in procurement, refining, and distribution cycles, the impact of recent price drops requires time to manifest at gas stations.
The current pricing structure for non-subsidized products was established when global crude oil surpassed the $80 per barrel mark, largely driven by heightened geopolitical tensions in the Gulf region. This led to a significant price hike on June 10, 2026, which saw Pertamax rise to Rp16,250 per liter and Pertamax Green 95 reach Rp17,000 per liter. Other premium products, including Pertamax Turbo, Dexlite, and Pertamina Dex, are currently priced at Rp20,750, Rp23,000, and Rp24,800 per liter, respectively.
While the exact margin of the potential decrease remains under review, the move is intended to provide economic relief to motorists. Iriawan expressed hope that the upcoming evaluation would result in a price point that aligns with public expectations and reflects the current state of the global market.
As the July window approaches, Pertamina is expected to conduct a thorough review of its inventory costs and market variables before finalizing the new price list for its non-subsidized fuel portfolio.
