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fuel

Electric Car Prices: Indonesia’s Rise as a Battery Hub

by Priya Shah – Business Editor November 15, 2025

written by Priya Shah – Business Editor

Jakarta – Electric car prices in Indonesia are poised for further declines in⁣ the coming ‌years,potentially accelerating adoption of the vehicles,according to⁣ industry observers. The anticipated drop is linked to ‌decreasing battery production costs, a key component of electric vehicle (EV) pricing.

Automotive Observer ‍Yannes Pasaribu predicts battery production costs will fall to around ⁤$67 USD ‌per kilowatt-hour (kWh) within 4-5 years, nearing 2030. “it ⁣seems like all the fossil fuel vehicle industries, except for petrol head hobbyists, will likely‍ have to⁤ change businesses, because the production costs will be cheaper, because these batteries cost 20 to 40 percent ‍of the‍ vehicle price,” Pasaribu stated during a presentation at the detikcom Leaders Forum on Wednesday, November 12, 2025.

Indonesia holds a strategic position‌ in the EV ⁣battery supply chain as the⁤ nation with the world’s⁢ largest nickel reserves. The Ministry of Energy and ‍Mineral Resources (ESDM) reported ⁤5.9 billion tonnes of nickel ore reserves and 62.02 million tonnes of nickel metal as of 2024,with 173.6 million⁢ tonnes ⁣of nickel ore produced throughout the year.

A meaningful advancement in this sector is the establishment of Southeast asia’s largest lithium battery factory, operated by‌ PT Industri Batteries Indonesia‌ (IBC) in collaboration with brunp and Lygend (CBL), a subsidiary of Contemporary Amperex Technology Co. Limited (CATL). The‍ factory, located in Karawang, represents an investment of US$5.9 billion (approximately Rp. ‌95.5 ‌trillion, based on an exchange rate of‍ rp. 16,192) and was inaugurated by President Prabowo‍ Subianto on June 29, ⁢2025.

“If batteries that cost 20-40 percent can start to be produced (locally), this will accelerate the decline in battery prices, and ⁢accelerate the decline in the price‌ of electric cars. Don’t forget that Indonesia will become a hub for the ASEAN region,” Pasaribu added.

Data from the United States Department of Energy⁤ (DOE) illustrates the trend of falling battery costs, dropping from approximately $1,415 ‌per kWh in 2008 to $139 per ‍kWh in 2023 – a roughly 90% decrease over 15 years, adjusted for inflation.

November 15, 2025 0 comments

Business

Title: BP Gas Stations to Receive More Fuel from Pertamina

by Priya Shah – Business Editor November 12, 2025

written by Priya Shah – Business Editor

BP-AKR to Increase Fuel Purchases from pertamina as Other Stations Negotiate

Jakarta -⁢ PT Aneka⁢ Petroindo Raya (APR), the operator of BP-AKR gas stations, is expected to receive an additional fuel shipment from ⁤Pertamina Patra Niaga, bringing the total ⁣to three⁤ cargoes. This move signals a continued shift towards sourcing base fuel from the state-owned energy‌ company.

according to Laode Sulaeman, Director General of Oil and ‍Gas at the Ministry of Energy and Mineral Resources, BP-AKR recently ordered two‌ 100,000-barrel shipments and is considering a third.”Like yesterday,‌ BP AKR ordered 100 thousand barrels twice, two cargoes, and we heard there would be a third cargo. Yes, we’ll confirm that ⁢later,” Sulaeman stated on⁤ Wednesday, November 12, ⁣2025. The procurement process for the initial 100,000-barrel‍ purchase is ⁣anticipated to occur in the third week of November.

While ⁤BP-AKR’s‌ purchases are progressing, negotiations are ongoing with other fuel retailers. Shell and VIVO are currently in discussions‍ with Pertamina Patra ‌Niaga to‌ secure fuel supplies, though Sulaeman noted he‌ was‌ unaware of ‍specific obstacles hindering those ⁢talks. “If you want to ask about obstacles, it is more appropriate for those in B2B, we don’t know because ⁢some have succeeded and some are still being discussed,” ⁢he explained. “If those are prosperous, that means they have proven that there are no obstacles.‍ If not, ask those who haven’t, why.”

the increased demand from ⁣BP-AKR comes amid a broader context of fuel supply dynamics in Indonesia,‍ were private operators are increasingly ‌looking to ⁢pertamina as a key supplier ⁣of base fuel.

November 12, 2025 0 comments

Business

Title: BP Adds Fuel from Pertamina, Shell & VIVO Negotiations Intensify

by Priya Shah – Business Editor November 8, 2025

written by Priya Shah – Business Editor

Jakarta, November 7, 2025 -⁣ BP-AKR, ⁤operating⁤ under Raya (APR), is increasing its fuel sourcing from Pertamina Patra Niaga with a new order of 100,000 barrels‍ of⁣ base fuel, according too Director⁤ general of Oil and Gas Laode Sulaeman. This follows an initial agreement ⁤for APR to utilize imported cargo from Pertamina Patra Niaga to supply its BP-AKR gas station network.

“BP ⁤AKR will order ⁣another cargo in two weeks. BP will add another 100 ⁣thousand barrels,” Sulaeman stated at‌ the Ministry of Energy and Mineral Resources Office⁤ in Jakarta.

other fuel retailers,including ⁤Shell and VIVO,are currently engaged⁣ in negotiations with Pertamina patra Niaga regarding fuel supply. Sources indicate VIVO is likely ⁤to follow BP-AKR and⁣ begin purchasing fuel from Pertamina Patra Niaga in the near⁣ future.

Acting Corporate Secretary of Pertamina Patra Niaga, Roberth MV dumatubun, confirmed the Buisness-to-Business agreement with PT Aneka Petroindo Raya (APR)⁢ to ensure fuel availability.⁢ The initial 100,000 ⁢barrels are specifically designated for BP-AKR stations.

Dumatubun emphasized the‍ rigorous process undertaken to finalize the agreement, ‌including supplier⁢ tenders, surveyor involvement, ⁣and an open-book negotiation of commercial terms,‌ all while adhering to Good Corporate Governance (GCG) principles. He affirmed the fuel supplied⁣ meets all APR⁢ requirements⁣ and underscored pertamina Patra Niaga’s⁣ commitment to secure, high-quality, and accessible energy for the public.

“For us, energy is not just a commodity. Energy is a driver of people’s ⁢lives and productivity,” Dumatubun concluded.

November 8, 2025 0 comments

Business

Title: BP Fuel Back: Shell’s Delay Explained

by Priya Shah – Business Editor November 2, 2025

written by Priya Shah – Business Editor

BP ⁢Fuel Returns ‍to Indonesian Stations, Shell Remains Dry Amid Import Talks

Jakarta – BP-branded fuel is ‌once again available‍ at‍ Indonesian gas stations after the company completed a purchase ⁤of 100,000 barrels of base fuel from Pertamina, the state-owned oil and gas company. However, Shell stations continue to experience fuel shortages as the⁢ company has yet to finalize a similar agreement with ⁢Pertamina.

Shell Indonesia has not yet secured an import agreement for fuel oil (BBM) through Pertamina despite depleted stocks at many of its stations in recent weeks.

According to Ingrid Siburian, President Director & Managing ‌Director of Mobility Shell ‌Indonesia, discussions regarding additional⁢ fuel imports are ongoing between Shell and the ‍Indonesian government.

“Shell Indonesia would like ⁢to inform you that currently we have not reached a business-to-business (B2B) ‍agreement regarding commercial ‌aspects for the supply of base fuel from Pertamina Patra Niaga. B2B discussions regarding the supply of base fuel imports continue,” Siburian stated in a written release, as reported by⁢ CNNIndonesia on November 2nd.

Siburian added that Shell is coordinating with relevant government bodies and stakeholders to ensure the eventual availability of gasoline products while ⁤adhering to operational ‍safety standards, procedures, and procurement guidelines.The imported fuel must also meet Shell’s global quality standards.

Currently, Shell stations are unable to supply ⁣Shell ⁢super, Shell V-Power, and Shell V-power Nitro+ gasoline. However,Shell V-Power Diesel remains available,alongside other products and services such as Shell Select convenience stores,Shell recharge electric vehicle charging,workshops,and‍ Shell lubricants.

Shell intends to announce the return of‌ gasoline⁣ fuel products through its official channels, including its website, customer service, the Shell Asia app, and social media. ⁢

“We apologize for the inconvenience caused,” Siburian said.

November 2, 2025 0 comments

Business

Title: Ethanol Price in Indonesia: What to Expect in 2027

by Priya Shah – Business Editor October 23, 2025

written by Priya Shah – Business Editor

Jakarta, Indonesia – The price of pure ethanol (E100), intended for use as a 10% fuel mixture (E10) in Indonesia starting in 2027, is‌ approximately ⁤IDR 16,000 per liter, according to Professor ⁣Ronny⁣ Purwadi of the⁣ Food Engineering‌ Study Programme‍ at the Bandung Institute ‌of Technology⁣ (ITB).

Professor Ronny, speaking in Kuningan, South Jakarta,⁣ clarified that this price refers to anhydrous ethanol – a nearly ‌pure form ⁤wiht 99.5% ethanol content and only 0.5% water. He explained that ⁣incorporating 10% ethanol into fuel,creating ⁢E10,would add⁤ roughly IDR ⁣1,600 ⁣to the ‍cost per liter of gasoline.

“That’s the price of ethanol for fuel,⁣ that’s E100 which is anhydrous,” Professor Ronny stated.”Yes, that’s right (10 ⁢percent of IDR 16 thousand), ⁣the impact is not too high but if it’s a lot⁢ it can be felt.” He added that the exact price can fluctuate depending on the raw ‍material used ⁣in production, citing cassava as an ⁢example with⁤ a similar net ⁤price of ‍around ⁢IDR 16,000‌ per ‍liter.

The Indonesian government, under Minister of Energy and Mineral⁢ Resources‌ (ESDM)‍ Bahlil Lahadalia, is aiming to implement the E10 fuel mandate by ‌2027, pending the readiness of domestic ethanol‌ production ‍facilities. Minister Bahlil emphasized the policy’s importance in reducing Indonesia’s reliance ⁤on gasoline imports, which ⁢currently total‌ 27 million tons annually.

The government is prioritizing the construction of ethanol plants to support the⁤ E10 program and achieve greater ‌energy independence.

(sfn/from)

October 23, 2025 0 comments

Business

Indonesia Fuel Shortage: Investment Certainty Amidst Import Quota Increase

by Priya Shah – Business Editor October 11, 2025

written by Priya Shah – Business Editor

Jakarta – The Indonesian government ‍has affirmed its commitment to private sector investment in⁣ fuel distribution, responding to concerns raised by companies ⁤like ‍Shell, Exxon, and BP AKR regarding recent fuel shortages ⁢at⁤ private gas stations. ⁣Minister of‌ Energy ⁢and‍ Mineral Resources (ESDM) Bahlil Lahadalia stated the government has increased the 2025 import quota for fuel by 110% compared to⁤ 2024.

“The ⁢110% should have been patented, right? So what investment⁢ are we blocking?” Bahlil said Friday (October 10, 2025) at the‌ Jakarta Convention Center.

The reassurance follows a meeting on Tuesday (October 7, 2025) between representatives of ⁢the private ‍companies and the Ministry of⁣ Investment and Downstreaming/BKPM. Private gas stations‌ have experienced fuel stockouts sence the end ⁣of August 2025, prompting a request for collaboration with Pertamina to address‍ the shortages.

Bahlil emphasized ⁢the government’s support for private⁢ investment, ‌while ‌also stressing the importance⁣ of‌ adhering to existing regulations. “So, ‌with regard to the private sector, we respect all existing investments. But the ⁣private sector must also⁢ follow existing regulations,” he stated.

Deputy Minister of Investment and Downstreaming/Deputy Head of⁣ BKPM,⁤ Todotua Pasaribu, acknowledged the import quota ⁣restrictions ‍had disrupted business plans. However,‌ he also ‍noted the Ministry of Energy and Mineral Resources’ need to balance import quotas.

“Yes (disturbed),as there are quota restrictions,it is indeed quiet disturbed. But ‍also⁢ from the Ministry of Energy and⁣ Mineral Resources’ side, thay also need to adjust⁢ their ⁣import⁢ quota balance,” Todotua added.

Despite the ‌disruption, Todotua assured that private‌ investment plans would proceed as scheduled. The meeting with the private companies centered on addressing concerns about import quota restrictions affecting the supply of non-subsidized fuel.

(ily/rrd)

October 11, 2025 0 comments

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