BPH Migas Committee Member Assures Indonesia's Fuel Oil Stocks Remain Secure

Jakarta (ANTARA) — A member of the Committee of the Downstream Oil and Gas Regulatory Agency (BPH Migas) Fathul Nugroho has assured that fuel oil stocks in Indonesia remain secure amid Iran’s closure of the Strait of Hormuz.

The public has been urged to remain calm and not panic over the escalating conflict in the Middle East. The Indonesian government is assessed to have prepared several alternatives to address potential shortfalls in fuel oil supply imports from the region.

“Currently, approximately 19 per cent of Indonesia’s crude oil imports originate from Saudi Arabia (Middle East). Nevertheless, the government has already implemented preventive measures by importing crude oil from countries unaffected by conflict,” stated Fathul Nugroho in a statement in Jakarta on Friday.

Fathul assessed that Iran’s closure of the Strait of Hormuz does not pose a significant problem for Indonesia.

He explained that approximately 81 per cent of Indonesia’s crude oil imports come from countries unaffected by or not involved in the Middle East conflict.

He detailed that Indonesia imports the most crude oil from Nigeria at 34.07 million barrels from April 2025 to March 2026, representing approximately 25 per cent of total imports. Next are imports from Angola at 28.50 million barrels (21 per cent), from other countries at 47.40 million barrels (35 per cent), whilst Saudi Arabia accounts for 28.50 million barrels or approximately 19 per cent.

“This means we import significantly more from countries not involved in conflict. This means Indonesia’s fuel oil supply remains secure,” said Fathul.

Fathul also urged the public not to misinterpret information stating that Indonesia’s fuel oil reserves are sufficient for only 20 days.

According to him, this figure relates to the limited storage capacity held by Pertamina, such that the amount of fuel oil at storage facilities does not reflect the overall availability of supplies.

Currently, Pertamina’s national fuel oil storage capacity is recorded at 6.10 million kilolitres (KL) or approximately 67 per cent of total capacity.

Meanwhile, non-Pertamina storage facilities reach 3.06 million KL or approximately 33 per cent.

“To date, Indonesia’s operational fuel oil reserves remain classified as secure, including to meet requirements following the Ramadhan and Eid al-Fitr 2026 period,” he said.