The government through PT Pertamina (Persero) has officially raised the prices of three types of non-subsidized fuel oil (BBM). Those three types of fuel are Pertamax Turbo, Dexlite, and Pertamina Dex. Then, what about Pertalite?
Fortunately, Pertamina is still holding the price of Pertamax at the level of Rp. 12,500/liter and Pertalite is still at Rp. 7,500 per liter.
The adjustment of the price of general fuel or non-assignment from the government can be done by referring to the Ministerial Decree (Kepmen) of ESDM No. 62 K/12/MEM/2020. Regarding the Basic Price Formula in Calculation of the Retail Selling Price for General Types of Fuel Oil, Gasoline, and Diesel Oil, which are distributed through gas stations.
The price adjustment for the three types of non-subsidized fuel is under the authority of Pertamina when responding to the high world crude oil price, which is currently still stagnant above the level of US$ 100 per barrel.
Specifically, Pertamax Turbo (RON 98) increased from Rp. 14,500 per liter to Rp. 16,200 per liter, while Dexlite increased from Rp. 12,950 per liter to Rp. 15,000 per liter.
Meanwhile, Pertamina Dex increased from Rp. 13,700 per liter to Rp. 16,500 for the DKI Jakarta, Banten, West Java, Central Java, DI Yogyakarta, East Java, Bali, West Nusa Tenggara and East Nusa Tenggara areas.
On the other hand, the policy of PT Pertamina (Persero) which has just adjusted the price increase for non-subsidized Liquefied Petroleum Gas (LPG) is feared that it could contribute to inflation. In fact, the inflation rate is projected to touch 5% to 5.5% this year.
Director of the Center of Economic and Law Study (Celios), Bhima Yudhistira assessed that the higher the price disparity between subsidized and non-subsidized goods, the higher the migration of users.
Meanwhile, at the same time, the government is also trying to carry out various controls and restrictions on the distribution of subsidized LPG to make it more targeted.
According to Bhima, people, especially the middle class, will spend more money on living expenses. Meanwhile, the purchasing power of the middle class will decrease and have an impact on the sales of various secondary and tertiary products.
Bhima assessed that if the government implemented a policy of limiting subsidized LPG to 3 kg, he was worried that new problems would arise. This is because the problem of data collection to determine the criteria for subsidy and non-subsidized categories needs a thorough improvement.
As previously reported, Pertamina has just made a price adjustment that takes effect on July 10, 2022, for non-subsidized LPG. As for the pink non-subsidized 3 kg LPG, it is set at IDR 58 thousand per cylinder.
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