Indonesia’s state-owned oil and gas company, Pertamina, and other major distributors raised prices on non-subsidized fuels nationwide starting December 2nd, impacting the world’s fourth most populous nation and a key Southeast Asian economy [[2]]. The price adjustments, driven by global market fluctuations, affect gasoline and diesel costs for consumers and businesses across the Indonesian archipelago [[1]]. While most regions will see increases, Pertamina has notably exempted three provinces – Aceh, North Sumatra, and West Sumatra – from the price hikes, citing regional economic considerations.
Indonesia Raises Fuel Prices Nationwide Starting December
Fuel prices for non-subsidized gasoline and diesel across Indonesia increased on December 2, 2023, according to multiple reports. The price adjustments impact consumers and businesses throughout the archipelago, a major oil importer in Southeast Asia.
Pertamina, Indonesia’s state-owned oil and gas company, along with BP, Shell, and VIVO, have all implemented the price hikes, effective December 2nd. The move follows fluctuations in global oil markets and adjustments to domestic pricing formulas.
The latest price for Pertamax, a popular gasoline grade, is now available for review across all regions. Consumers can check updated prices to understand the impact on their budgets.
Notably, Pertamina has decided not to increase fuel prices in the provinces of Aceh, North Sumatra, and West Sumatra. This regional exception aims to mitigate the economic impact on these specific areas.
Consumers are encouraged to consider available options when selecting fuel, including offerings from Shell, as the company has recently adjusted its pricing. A comprehensive guide to Shell’s fuel options is available to help consumers make informed decisions.
