Pertamina Continues Negotiations with Shell Amid Fuel Supply Shortage

Ongoing Discussions for B2B Agreement

Pertamina CEO Simon Aloysius Mantiri confirmed that negotiations with Shell regarding fuel supply are continuing. The discussions are focused on reaching a mutually acceptable business-to-business (B2B) agreement concerning the commercial aspects of fuel supply. Mantiri emphasized that both parties are working together to find the best solution to ensure that Shell gas stations have their fuel needs met.

Progress with Other Private Gas Stations

The situation is showing signs of improvement as some private gas stations have already agreed to purchase fuel directly from Pertamina. Mantiri highlighted that this development demonstrates progress in addressing the fuel supply challenges. He noted that once some major players begin operations, it paves the way for others.

Background of the Fuel Supply Issue

The fuel supply issue came to light when Shell Indonesia's President Director, Ingrid Siburian, revealed that Shell had not yet purchased fuel from Pertamina due to ongoing negotiations. The delay was attributed to the lack of a B2B agreement on the commercial terms of the imported fuel supply.

Market Implications

The successful resolution of these negotiations is crucial for maintaining fuel availability at Shell gas stations and potentially stabilizing the overall fuel retail market. The development also reflects the dynamic nature of business negotiations in Indonesia's energy sector.