Indonesia, Private Retailers In Talks To Formulate Pricing Amid Oil Price Surge

JAKARTA, April 6 (Bernama) -- Indonesia is in discussions with private fuel retailers to formulate pricing for non-subsidised fuel as global oil prices surge.

Energy and Mineral Resources Minister Bahlil Lahadalia said the move is part of efforts to determine a “good and prudent” pricing formula, taking into account the public’s current economic conditions.

“Up to now, we are still regulating and seeking a good and prudent formula. Wait until it is finalised, I will inform you,” he said, as reported by ANTARA news agency. 

He noted that global oil prices, including Brent and West Texas Intermediate, are currently trading above US$100 per barrel, significantly higher than the January 2026 average, when Brent stood at around US$64 per barrel.

Price of subsidised fuel in Indonesia remain unchanged following government announcement on March 31 that there will be no price adjustment made for April.

Subsidised petrol, RON 90, is sold at a fixed price of Rp10,000 (RM2.37) per litre, while subsidised diesel (biosolar) is capped at Rp6,800 (RM1.61) per litre, with the government absorbing the cost difference.

In contrast, non-subsidised fuels are priced based on market mechanisms, with Pertamax (RON 92) at around Rp12,300 (RM2.91) per litre and Pertamax Turbo (RON 98) at about Rp13,100 (RM3.10) per litre for March, subject to periodic adjustments in line with global oil prices, exchange rates, and other cost components.

For non-subsidised diesel, Dexlite is set at Rp14,200 (RM3.36), while Pertamina Dex at Rp14,500 (RM3.43).

-- BERNAMA