Shell agrees to buy 100,000 barrels of petrol from Indonesia's Pertamina amid shortage

[JAKARTA] Fuel retailer Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, the country’s deputy energy minister Yuliot Tanjung said on Tuesday (Nov 25), after months of unavailability for certain fuels.

Private retailers in Indonesia were told to import petrol through Pertamina after the government capped their import quota for the year, leading to shortages across their petrol stations.

Shell did not immediately respond to a request for comment.

Yuliot told reporters that Shell had agreed to buy the oil but did not provide any other details.

Pertamina will also sell 100,000 barrels of petrol to fuel retailer PT Vivo Energi Indonesia, an affiliate of Vitol Group, its trading subsidiary said on Monday.

The move followed a deal with BP-AKR, operator of BP fuel stations, in late October where BP also bought 100,000 barrels of petrol. REUTERS