Pertamina EP will not subsidize Pertamax fuel despite increasing crude price that have reached US$91 per barrel, which subsequently prompts the price of non-subsidized fuels, such as Pertamax, to continue rising.
Pertamina president director Karen Agustiawan said that the high price of Pertamax is not due to inefficient production costs. She believes that the price of Pertamax is already similar to other competitors, such as Petronas and Shell, which have also increased their prices.
Pertamina’s vice president for corporate communications M. Harun said that he will continue to re-assess crude oil prices every two weeks. He assured that Pertamina will try its best to keep the Pertamax price competitive.
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