Prices for subsidized Pertalite and Biosolar, however, remain unchanged.

The sharp increases, effective on Wednesday, follow a periodic evaluation conducted in coordination with the government, taking into account recent volatility in global crude oil prices and prevailing economic market conditions.

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“The price adjustments for Pertamax and Pertamax Green were made after an evaluation process in accordance with the pricing formula set by the government,” Roberth MV Dumatubun, PT Pertamina Patra Niaga corporate secretary, said in a statement issued late Tuesday.

He emphasized that the decision aims to balance business continuity, service quality and the certainty of energy supply for the public.

“We ensure that the supply of Pertamax and Pertamax Green remains secure and available at Pertamina’s gas station network,” Roberth said.

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