Inp.polri.go.id - Jakarta. State-owned PT Pertamina Patra Niaga confirmed it had locked in energy procurement contracts prior to the escalation of war between Iran and the United States-Israel.
Speaking at a Jakarta-Cikampek toll rest area on Monday (16/3/2026), Managing Director Mars Ega Legowo Putra explained that 90 to 95 percent of the company's supply is governed by long-term agreements rather than volatile spot markets.
"Before the geopolitical events in the Middle East unfolded, we had already locked in those procurements," he said, as cited by antaranes.com.
He noted that fuel preparations for March were planned as early as January, maintaining a rolling reserve of over 21 days.
The Ministry of Energy and Mineral Resources has said that Indonesia imports 20 percent of its crude from the Middle East, its finished fuel products are sourced primarily from Africa, South America, and Southeast Asia. This diversified supply chain, coupled with domestic biodiesel production, shields the nation from immediate shortages during the festive season.
(mg/inp/pr/rs)
