BP Indonesia operator imports base fuel from Pertamina, restocks after shortage, company says

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BP's fuel station operator in Indonesia said on Friday that it has imported base fuel via a unit of Indonesia's state energy firm Pertamina, restocking supplies after a shortage that has plagued private retailers in Southeast Asia's largest economy.BP LSE:BP. Indonesia operator BP-AKR, along with Shell LSE:SHEL, said they have been suffering inventory shortages for some gasoline products since late August.BP-AKR said it had imported the base fuel for some of its gasoline through Pertamina's retail unit Pertamina Patra Niaga on the directive of the government, adding that the supply had fulfilled fuel standards and other commercial conditions."Procurement of imported base fuel through a government-set mechanism is a temporary solution ... taken by BP AKR carefully, and responsibly," the company said in a statement, adding the imports showed its long-term investment commitment to Indonesia. BP bought 100,000 barrels from Pertamina Patra Niaga, energy ministry official Laode Sulaeman was quoted as saying on Friday by state news agency Antara. Separately, Shell said on Friday that it had not reached a deal with Pertamina Patra Niaga, adding that talks are continuing.Pertamina Patra Niaga did not immediately respond to a request for comment.The shortages began when Shell and BP-AKR requested additional gasoline import quotas in June after a surge in demand, company executives told the parliament. Indonesia's energy ministry then issued a letter in July addressed to private retailers capping their 2025 gasoline imports at 10% above what each of them had sold last year.The limit was intended to maintain a healthy commodity balance sheet, the government said.The government last month instructed private companies to import through Pertamina. Pertamina had agreed to import base fuel, which has not been dyed or mixed with additives, on behalf of the private retailers.A deal between Pertamina and retailer Vivo fell through as the fuel contained ethanol. BP-AKR also asked Pertamina to produce a certificate of origin for the fuel to prove it was not sourced from sanctioned producers, but it has not been made available, BP-AKR chief Vanda Laura said.Pertamina has a stronghold in fuel retail although Indonesia formally ended its monopoly in 2004.However, some demand began shifting to privately-run petrol stations due to restrictions on sales of subsidised fuels and follo...

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