Why Haven’t Fuel Prices Gone Down Amid Crude Meltdown?

Summary

Public fuel station (SPBU) operators have yet to cut fuel prices even though the global crude prices had crashed below US$ 30 per barrel in the last two weeks, including PT Pertamina. The state-owned oil company is still selling non-subsidized fuel like Pertamax RON 92 at Rp 9,000 per liter, and Pertamax Turbo Ron 98 at Rp 9,800 a liter.

So does PT Shell Indonesia, which sells Super Ron 92 at Rp 9,150 per liter, while the V-Power RON 95 variant is still sold at Rp 9,650 a liter. Shell Indonesia Vice President of External Relations Rhea Sianipar said the company is committed to comply with the rules and collaborate with the government and all stakeholders. That is why Shell still keeps fuel prices steady.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and bimonthly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.