Executive Summary

Key insights and market outlook

All major fuel station operators including Pertamina, Shell, BP-AKR, and VIVO have simultaneously reduced non-subsidized fuel prices effective January 1, 2026 ¹

²³. Pertamax prices dropped by Rp400 to Rp12,350 per liter while diesel fuels saw reductions between Rp1,200-Rp1,400 per liter ². The coordinated price cut across major operators is expected to stimulate fuel consumption and provide relief to consumers.

Full Analysis

02

Deep Dive Analysis

Comprehensive Fuel Price Reduction Across Major Indonesian SPBU Operators

Coordinated Price Adjustment

In a significant market move, all major fuel station operators in Indonesia - including Pertamina, Shell, BP-AKR, and VIVO - have implemented simultaneous price reductions for non-subsidized fuels effective January 1, 2026 ¹

²³. This coordinated action marks a rare instance of industry-wide price alignment across major players in the Indonesian fuel market.

Detailed Price Changes

The price adjustments show varying degrees of reduction across different fuel types:

Pertamina Fuel Prices:
- Pertamax (RON 92): Reduced by Rp400 to Rp12,350 per liter ²
  Source 2
  https://industri.kontan.co.id/news/kabar-baik-awal-2026-harga-bbm-non-subsidi-di-pertamina-bp-shell-vivo-turun
- Pertamax Turbo (RON 98): Down Rp350 to Rp13,400 per liter
- Pertamax Green 95: Reduced by Rp350 to Rp13,150 per liter
- Dexlite: Significant drop of Rp1,200 to Rp13,500 per liter
- Pertamina Dex: Reduced by Rp1,400 to Rp13,600 per liter ¹
  Source 1
  https://newssetup.kontan.co.id/news/tahun-baru-2026-harga-pertamax-dexlite-turun-bandingkan-harga-bbm-shell
  ³
  Source 3
  https://aktual.kontan.co.id/news/kompak-turun-ini-daftar-lengkap-harga-bbm-pertamina-spbu-swasta-per-1-januari-2026
Other SPBU Operators' Price Adjustments:
- Shell Super: Down to Rp12,700 per liter from Rp13,000 per liter
- VIVO Revvo 92: Reduced to Rp12,700 per liter from Rp13,000 per liter ⁴
  Source 4
  https://industri.kontan.co.id/news/awal-2026-spbu-swasta-kompak-turunkan-harga-bbm-ini-daftar-lengkapnya
- BP 92: New price set at Rp12,500 per liter, down from Rp13,000 per liter ⁶
  Source 6
  https://finance.detik.com/energi/d-8287435/selain-pertamina-shell-hingga-bp-dan-vivo-kompak-turunkan-harga-bbm

Market Implications

This synchronized price reduction across major fuel retailers is expected to have several market effects:

Increased fuel consumption due to lower prices
Market share stability as all major players move in tandem
Potential relief for consumers particularly those using non-subsidized fuels
Possible impact on inflation as transportation costs decrease

Regional Variations

While Jakarta prices were adjusted to Rp12,350 per liter for Pertamax, regional prices vary significantly:

Aceh: Rp12,500/liter
Java/Bali: Rp12,350/liter
Kalimantan: Rp12,650-Rp12,950/liter
Eastern Indonesia: Rp12,650/liter on average ⁶
Source 6
https://finance.detik.com/energi/d-8287435/selain-pertamina-shell-hingga-bp-dan-vivo-kompak-turunkan-harga-bbm