Indonesian govt defends Pertamaxprice hike as fiscal safeguard
Jakarta, June 10 -- Indonesia's decision to raise Pertamax fuel prices is aimed at reducing fiscal pressure and preserving budget resilience after months of shielding consumers from higher global oil costs, a National Energy Council (DEN) member said.
"The government held back for some time and is now releasing prices because this concerns fiscal resilience," DEN member Satya Widya Yudha said in Bogor on Wednesday.
Yudha said the government and state energy company Pertamina had frozen non-subsidized fuel prices since March 2026 despite rising global crude prices.
The policy was intended to cushion consumers from energy market volatility linked to geopolitical tensions involving the United States, Israel and Iran.
However, maintaining...
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