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Neighbors are about to double the price of gasoline but still quite cheaper than Vietnam

As updated at 8:10 am on March 28 (Hanoi time), gas price Pertamax (equivalent to 92 gasoline product line in Vietnam) being listed by PERTAMINA Group in Indonesia market ranges from (9,000 – 9,400 IDR, about 14,345 – 14,982 VND).

Data on Kata Data also said that Pertamax only sells 9,000 IDR, the lowest gasoline price in the market. Meanwhile, rival V-Power 92 (from Shell) is being sold a liter for IDR 12,990 (VND 20,678, higher than the price of Vietnamese gasoline).

PERTAMINA is a petroleum corporation with a dominant market share in the island nation; to Indonesia can easily find gas stations bearing this brand. However, public opinion Indonesia There is a rumor that the price of Pertamax gasoline may increase due to the increasing signal of the increasing price of Pertamax fuel oil (BBM).

According to the sheet Kompas (Indonesia) on Sunday, the new movement of gasoline prices is in line with the increasing economic prices of fuels in general, RON 92 or the equivalent of Pertamax in particular, based on calculations by the Department of Energy. and Mineral Resources.

Specifically, according to this sheet, the upper limit or economic price for RON 92 gasoline is estimated at IDR 16,000/liter in April 2022. This is up from the economic price in March 2021 of IDR 14,526. However, the economic price is the same, but Pertamina is still selling Pertamax for about 9,400 IDR/liter. This means that there is a huge difference between the selling price and the economic price at Pertamax.

Agung Pribadi, director of the Department of Communication, Public Information Services and Cooperation of the Ministry of Energy and Mineral Resources, said that the high world oil price, currently above 100 USD/barrel, greatly affects the price of fuel. Whether.

The selling price of common RON 92 gasoline in March 2022 is IDR 14,526/liter based on the actual price movement of petrol in the previous month, of which the oil price in February 2022 is not as high as in March 2022.

So, the economic price of gasoline RON 92 April 2022 will even be higher than IDR 14,526/liter, maybe around IDR 16,000/liter“, this leader said in a statement on Sunday. If sold for IDR 16,000 / liter, the price of Pertamax gasoline will fall to about VND 25,475, still cheaper than gasoline 92 in Vietnam about VND 3,000 / liter.

Previously, the Indonesian Government also signaled an increase in the price of Pertamax. Accordingly, Finance Minister Sri Mulyani Indrawatit commented that Pertamax has been prioritized for consumption by the elite.

He said during the Indonesia Economic Outlook 2022 event of CNBCon Tuesday,”Pertamax can be affected by the rise in world oil prices as it consists of non-standardized fuel and it is consumed by the upper class“.

Neighbors are about to double the price of gasoline, but still quite cheaper than Vietnam - Photo 1.

Pertamax gasoline prices are being sold for half cheaper than Vietnam. Photo: VOI ID.

Pressure to increase gas prices because of budget impact

Meanwhile, the Minister’s Special Tham vana State enterprises, Arya Sinulingga, suggested that Pertamax’s price be adjusted. According to him, if Pertamax is still sold for about IDR 9,000/liter, it means that Pertamina is subsidizing luxury cars.

According to him, Pertamax consumption accounts for about 13% of total national fuel consumption, most of the users are wealthy people or owners of luxury cars.

Meanwhile, Energy Economics Observer at Gadjah Mada University (UGM) Fahmy Radhi assessed that Pertamax’s selling price should be based on economic prices, if Pertamax is not increased, Pertamina’s burden will be heavier. According to this position, the increase in Pertamax price will have a significant impact on inflation. “The increase of Pertamax has the risk of increasing inflation“, Fahmy said.

Sheet Tribun The country also reported the possibility of a price increase of Pertamax, in line with the world oil price skyrocketing above $100 a barrel.

Acting Secretary of PT Pertamina Patra Niaga, Irto Ginting, did not specify or confirm the price increase of Pertamax in the near future as coordination work is still underway. “We are still working with stakeholders to adjust the price of Pertamax“, Irto said.

As the Minister of Energy said, at the moment we are still monitoring oil prices, because if prolonged, the burden is really heavy, both for the state budget, Pertamina and other industries. [liên quan – PV]”, an Indonesian energy industry leader explained.

At 7am this morning, Kompas ran the article “Preparing for Pertamax price to rise, reaching IDR 15,000”, signaling the possibility of a strong price increase coming true. This article identifies the increase in oil prices as a result of the conflict between Russia and Ukraine. Crude oil supplies from Russia and Kazakhstan have been disrupted due to damage to the Caspian Pipeline Association’s pipeline, reducing supplies to Europe.

https://soha.vn/lang-gieng-ruc-rich-tang-gap-doi-gia-xang-nhung-van-re-hon-viet-nam-kha-kha-20220328074615017.htm

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