Fuel Price Adjustment

The government decided to increase the prices of the subsidized fuel brands Pertalite gasoline and Solar diesel, as well as Pertamax, from 2:30 p.m. on 3 Sept. 2022.

KOMPAS/BAHANA PATRIA GUPTA

An officer changes price information after the increase in fuel prices at a gas station in Sidoarjo Regency, East Java, Saturday (3/9/2022).

The price hike for subsidized fuels was announced by President Joko “Jokowi” Widodo, accompanied by a number of ministers, at the State Palace on Saturday (3/9/2022). It is said that the subsidized fuel hike cannot be avoided in order to cope with the difficult situation. The per liter price of Pertalite was increased Rp 7,650 to Rp 10,000 (70 US cents), Solar from Rp 5,150 to Rp 6,800, and Pertamax from Rp 12,500 to Rp 14,500.

In addition to cope with the impact of the fuel price increase on inflation, which could disrupt economic growth, the government has also prepared a number of social assistance programs to reduce the impact on people's buying power and the poverty rate.