Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has acknowledged the possibility of reducing the price of non-subsidized Pertamax gasoline. This consideration follows a significant decline in global oil prices. The ministry has not yet announced a specific timeline or amount for any potential price reduction. The decision hinges on ongoing evaluations of market conditions and the impact of the global oil price drop. Pertamax is a popular gasoline grade in Indonesia, widely used by vehicle owners. Further announcements regarding price adjustments are expected from the ESDM in the coming weeks, pending a thorough assessment. The government is balancing consumer affordability with the financial health of fuel retailers.
