Supply and Distribution of Certain Fuel Products

The Government has issued Presidential Regulation No. 71 of 2005 (the “Regulation”) on the Supply and Distribution of Certain Fuel Products to facilitate the implementation of Article 66 of Government Regulation No. 36 of 2004. This Regulation applies to downstream business activities and encompasses both import and export elements.

The basic requirement is that the Regulatory Authority will propose annual needs and projected sales figures to the Minister of Energy and Mineral Resources. These figures will then form the base consideration for the Minister in confirming the types and volumes of fuel to be further regulated.