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Indonesia Opens Fuel Imports to Private Retailers

OilPrice · Charles Kennedy · last updated
Southeast Asia’s biggest economy, Indonesia, has allowed private fuel retailers, including the units of BP and Shell, to import fuel via state-controlled energy firm Pertamina, Indonesia Energy Minister, Bahlil Lahadalia, said on Friday.  Private fuel retailers in Indonesia have experienced shortages at their pump stations as fuel has been scarce since August.  Indonesia removed Pertamina’s monopoly in the fuel retail market two decades ago. But the state oil and gas firm has continued to have a dominant position in supply,…
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