Indonesian Fuel Prices Hold Steady Amid Global Oil Surge

Despite a surge in global crude oil prices, fuel costs at Indonesian service stations operated by state-owned Pertamina, Shell, and BP have remained unchanged for the past week. According to Pertamina's official website, retail fuel prices have been steady since July 1, 2026.

Pertamina's current rates are Rp10,000 per liter for subsidized fuel Pertalite, Rp6,800 per liter for subsidized diesel, and Rp16,250 per liter for Pertamax (RON 92). Shell has set its V-Power Diesel price at Rp21,340 per liter since July 1, while BP's prices have also held firm. These rates include BP Ultimate at Rp17,240 per liter and BP 92 at Rp16,670 per liter.

The global crude benchmark price jumped over 3 percent last Wednesday, with Brent crude breaching US$94 per barrel. However, by Monday, prices had adjusted to settle around US$85 per barrel.