Padjadjaran University energy economics expert Yayan Satyaki projects the price of Pertamax fuel oil will gradually decrease from Rp16,250 per liter in June to around Rp12,100–Rp13,500 per liter in December 2026.
"There's room for lowering non-subsidized fuel prices. Dexlite and Pertamina Dex have already been reduced," Yayan said when contacted by ANTARA from Jakarta on Saturday.
He projected the price of Pertamax to fall to Rp15,228 per liter in July, then Rp14,557 per liter in August, Rp14,112 per liter in September, Rp13,814 per liter in October, Rp13,614 per liter in November, and then Rp13,479 per liter in December.
The projection estimates that the ICP will gradually decline to US$90.6 per barrel by December 2026, and the exchange rate will gradually strengthen from Rp17,927 to Rp16,959 by December 2026.
Yayan further explained that the dynamics of the conflict between the United States (US), Israel, and Iran are indeed dynamic. Brent crude oil prices briefly reached US$117 per barrel in April, then rapidly corrected to around US$78 per barrel following the US-Iran peace agreement, which was initially scheduled to be signed in Switzerland on Friday (June 19).
Then, Brent crude oil prices rose again above 80 US dollars (around Rp1.4 million) per barrel on Friday (19/6), as investors considered increasing geopolitical risks following the cancellation of planned negotiations between the United States and Iran, as well as a new Israeli attack on Lebanon.
