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...

Pertamina's recent price hikes on non-subsidized fuels sting, don't they? What we’re referring to all of Pertamax, Pertamax Turbo, Dexlite and Pertamina Dex all experiencing hikes. Their official explanation does little to help the situation, blaming largely “global crude oil prices.” This explanation seems like rather an old standby excuse,...