Energy Advisor to MEMR Minister: Energy Stocks Secure Amid Iran-Israel Escalation
Jakarta — The Policy Adviser to the Minister of Energy and Mineral Resources (MEMR) Satya Hangga Yudha Widya Putra has affirmed that Indonesia’s energy stock position remains secure amid the escalation of the Iran-Israel conflict.
Speaking in Jakarta on Tuesday, he noted that the government continues to monitor developments in the Iran-Israel conflict, which has triggered uncertainty in global energy markets.
“The government has prepared several anticipatory measures to maintain the stability of the national energy supply,” said Hangga, as he spoke during a discussion on the potential for a global energy crisis resulting from the escalation of conflict in the Middle East in Jakarta on Monday, 16 March 2026.
Hangga explained that the government has conducted various studies and benchmarked policies adopted by other countries in addressing potential disruptions to energy supply.
From the perspective of energy availability, Indonesia’s current position remains secure. National fuel oil (BBM) stocks stand at between 3-4 weeks.
“This figure does not mean reserves will be depleted within 3-4 weeks, because the national energy supply is continuously strengthened and increased through both domestic production and imports,” he clarified.
Hangga also noted that Indonesia’s energy import routes currently remain safe and stable.
“The 3-4 week resilience figure represents a scenario if there were no production or imports whatsoever. In practice, reserves, production, and imports operate in parallel, so supply remains secured,” he explained.
He also urged the public to remain calm and refrain from excessive purchasing (panic buying), as the government ensures that the national energy supply remains under control.
On the other hand, the government is also strengthening national energy resilience in the medium and long term, including by increasing the capacity of national oil storage facilities. Hangga stated that the MEMR Ministry has coordinated with various parties, including Danantara, to develop energy storage facilities targeted at increasing reserves to 60-90 days ahead.
“Compared to other countries, our storage capacity is indeed still relatively small. Japan has reserves of more than 200 days, whilst several other countries such as South Korea and Taiwan can reach six months. Therefore, increasing storage capacity is one of our priorities,” he said.
Hangga added that geopolitical conflict in the Middle East region also has the potential to impact global energy prices. Global oil prices have currently moved above USD 100 per barrel, higher than the oil price assumption in the state budget which stands at around USD 70 per barrel. This price increase has the potential to impact the burden of energy subsidies.
To anticipate broader impacts, the government has prepared several energy-saving policy options, including promoting public transport use, electric vehicles, and work arrangement options such as work from home (WFH) if the global situation deteriorates.
Additionally, the government continues to implement various energy transition programmes to reduce dependence on oil imports. These include the biodiesel programme, which has currently reached B40 blend and is planned to increase to B50, as well as a deselisation programme replacing diesel-fired power plants (PLTD) in remote regions with solar power plants (PLTS).
Hangga also noted that the government, through the Ramadan and Eid (Rafi) Task Force, has conducted direct monitoring of BBM availability in various regions to ensure that energy distribution continues to run smoothly.
“The government continues to coordinate across ministries and agencies to ensure energy supply remains secure, prices remain stable, and the needs of the public can be met,” he concluded.