June 22, 2024

The price of fuel oil (BBM) is an important factor that influences the economic stability of a country. In Indonesia, PT Pertamina Patra Niaga routinely announces the applicable fuel prices every month. On March 1 2024, there will be no significant changes in fuel prices. However, it is important for us to understand that fuel price stability has a broad impact on people's welfare and overall economic growth.

Stability of Pertamina Fuel Prices on March 1 2024

Pertamina Patra Niaga Corporate Secretary, Irto Ginting, confirmed that the price of non-subsidized fuel on March 1 2024 remained stable, without any increase or decrease. Nevertheless, Pertamina continues to monitor world oil price trends and other factors that can influence domestic fuel prices.

List of Pertamina fuel prices as of March 1, 2024

The following is a complete list of Pertamina fuel prices per liter in various regions in Indonesia on March 1 2024:

Sumatra Island

  1. Aceh:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: IDR 13,200
    • Pertamax Turbo: Rp. 14,400
    • Dexlite: Rp. 14,550
    • Pertamina Dex: IDR 15,100
  2. North Sumatra:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: IDR 13,500
    • Pertamax Turbo: Rp. 14,750
    • Dexlite: Rp. 14,900
    • Pertamina Dex: IDR 15,450

Java and Bali Islands

  1. DKI Jakarta:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: Rp. 12,950
    • Pertamax Turbo: Rp. 14,400
    • Pertamax Green 95: Rp. 13,900
    • Dexlite: Rp. 14,550
    • Pertamina Dex: IDR 15,100
  2. West Java:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: Rp. 12,950
    • Pertamax Turbo: Rp. 14,400
    • Dexlite: Rp. 14,550
    • Pertamina Dex: IDR 15,100
  3. East Java:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: Rp. 12,950
    • Pertamax Turbo: Rp. 14,400
    • Pertamax Green 95: Rp. 13,900
    • Dexlite: Rp. 14,550
    • Pertamina Dex: IDR 15,100
  4. Bali:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: IDR 13,200
    • Pertamax Turbo: Rp. 14,400
    • Dexlite: Rp. 14,550
    • Pertamina Dex: IDR 15,100

Kalimantan island

  1. West Kalimantan:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: IDR 13,500
    • Pertamax Turbo: Rp. 14,750
    • Dexlite: Rp. 14,900
    • Pertamina Dex: IDR 15,450
  2. East Kalimantan:
    • Pertalite: IDR 10,000
    • Biodiesel: IDR 6,800
    • Pertamax: IDR 13,500
    • Pertamax Turbo: IDR 14,750
    • Dexlite: Rp. 14,900
    • Pertamina Dex: IDR 15,450

Analysis of Pertamina Fuel Price Changes

In 2024, fuel price stability will be a major concern, especially considering the unpredictable fluctuations in world oil prices. Even though Pertamina's fuel prices on March 1 2024 remain stable, it is important to understand the factors that could influence future fuel prices.

Factors Affecting Fuel Prices:

  1. World Oil Prices: Fluctuations in world oil prices are one of the main factors influencing fuel prices in Indonesia. As a country that imports most of its crude oil, Indonesia is vulnerable to changes in global oil prices.
  2. Rupiah exchange rate: The local currency exchange rate against the US dollar also influences fuel prices in Indonesia. Depreciation of the rupiah exchange rate can cause an increase in fuel prices, due to the increase in the cost of importing crude oil.
  3. Government policy: Government policies regarding fuel subsidies also influence the selling price of fuel in the domestic market. Subsidy adjustments or other policy changes can have a direct impact on the fuel prices charged to consumers.

Impact of Pertamina's Fuel Price Stability

Fuel price stability has a significant impact on various economic sectors and the overall welfare of society.

Economic Impact

  1. Inflation: Changes in fuel prices can affect the overall inflation rate. Rising fuel prices can increase production and transportation costs, which in turn can increase the inflation rate.
  2. Community Purchasing Power: Stable fuel prices provide certainty for consumers and producers, which in turn can increase people's purchasing power.
  3. Investment and Economic Growth: The stability of fuel prices creates a conducive environment for investment and long-term economic growth.

Social Impact

  1. Public welfare: Stable fuel prices contribute to people's welfare, especially for those who depend on public transportation or private vehicles to earn a living.
  2. Welfare Distribution: Affordable fuel prices also help in the distribution of wealth, by enabling easier access to basic goods and basic services.

Pertamina's Fuel Price Policy and Projections

The government and companies such as Pertamina have a very important role in maintaining fuel price stability and community welfare. Future fuel price projections must be based on an in-depth analysis of the factors that influence them.

Required Policies:

  1. Transparency: Fuel price policies must be transparent and understandable by the public. Information regarding factors that influence fuel prices must be openly available.
  2. Renewable Energy Empowerment: Diversifying energy sources, such as renewable energy, can help reduce dependence on fuel and increase national energy security.
  3. Improved Energy Efficiency: Initiatives to increase the efficiency of energy use, both in the transportation and industrial sectors, can help reduce overall fuel consumption.

Conclusion

Pertamina's fuel prices on March 1 2024 show stability which provides certainty for the public and economic players. However, it is important to continue to monitor the factors that influence fuel prices and take the necessary steps to maintain price stability and the overall welfare of society.

Thus, fuel price stability is not just an economic issue, but is also an important aspect of sustainable development and community welfare.