Pertamina's latest price hike on non-subsidized fuels has hit Indonesian consumers, and the question on everyone's mind is: are we witnessing a necessary adjustment to market realities, or a short-sighted move that could backfire on the economy? The official line blames it on rising global crude oil prices—but let’s take...

Pertamina, Indonesia’s state-owned oil and gas company, recently announced a major fuel price hike. This is a decision that will directly affect consumers all over the country. This decision, driven by global market forces and government policy, necessitates a closer look at the specific changes, the underlying reasons, and how...