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Market Chatter: Indonesia's Pertamina Hikes Price of Non-Subsidized LPG

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Indonesian state-owned oil and natural gas company Pertamina has raised the price of non-subsidised LPG, also known as Bright Gas, effective April 18, the Jakarta Globe reported Monday, citing official data.

The 5.5 kg cylinder is now priced at 107,000 Indonesian rupiah, up from 90,000 rupiah in the previous adjustment in November 2023. Meanwhile, the 12 kg cylinder has also increased to 228,000 rupiah from 192,000 rupiah.

The revised prices apply across several regions including Java, Bali, and West Nusa Tenggara, while higher ranges are set for areas outside Java, reportedly.

Energy Minister Bahlil Lahadalia said non-subsidised LPG prices follow market conditions, while the subsidised 3 kg variant remains unchanged to protect lower-income households, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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