Jakarta, Oct. 26 -- Indonesia has officially overhauled its procurement framework for crude oil, fuel, and liquefied petroleum gas (LPG) under a new presidential regulation designed to streamline sourcing and safeguard national energy security, officials announced Monday.

Under Presidential Regulation No. 107 of 2026, the government will bypass conventional commercial tender processes, shifting from state-owned enterprise PT Pertamina's business-to-business (B2B) model toward government-to-government (G2G) and government-to-business (G2B) arrangements.

"Presidential Regulation 107 represents a new phase in the procurement system for crude oil, fuel and LPG for our country," Coordinating Minister for Downstreaming and Energy Transition B...