Heaptalk, Jakarta — Responding to the spike in crude oil prices due to Iran-Israel tensions, Pertamina Patra Niaga confirmed the adequacy of national fuel supplies and price stability.
According to PT Pertamina Patra Niaga President Director Riva Siahaan, geopolitical tensions and OPEC+ supply reductions have pushed oil prices up almost 18% this year. Brent crude oil is trading above US$90 after closing 1.1% higher on Wednesday (10/4), while the price of West Texas Intermediate (WTI) is approaching US$86.
Riva said that Pertamina is maintaining prices despite increasing fuel production costs and rising oil prices. “Crude oil prices tend to rise, but we ensure the national fuel supply is safe. We are also committed to keeping domestic fuel prices stable, avoiding the impact of inflation and people’s purchasing power,” Riva said in a written statement (04/15).
Securing domestic fuel stocks during Eid 2024
In addition, Pertamina Patra Niaga has also secured domestic fuel stocks during Ramadan and Idul Fitri (Rafi) Task Force. In fact, the company is providing more supply to anticipate a surge in demand during the homecoming and return traffic for Eid 2024.
Currently, Pertalite stock is recorded at 20 days, Pertamax at 41 days, Turbo at 58 days, Solar and Biosolar at 22 days, Dex at 70 days, and Avtur at 41 days. Riva added, “Additional stock during the Rafi Task Force period has been prepared since the Christmas and New Year Task Force to ensure national needs are met properly.”
Meanwhile, Corporate Secretary of Pertamina Patra Niaga, Irto Ginting, added that after meeting the need for fuel and LPG during the homecoming traffic, Pertamina Patra Niaga Tengah is preparing for the community’s needs after the Idul Fitri holiday and the return traffic which is currently still underway. “The Rafi Task Force continues to be alert, and the fuel needs of homecoming travelers are of concern to Pertamina Patra Niaga to ensure that people can travel safely and smoothly,” concluded Irto.
