Indonesia Has Stock but No Strategic Energy Reserve

Jakarta, CNBC Indonesia - Indonesia’s energy resilience appears to remain vulnerable. As of now the country does not have an energy buffer reserve or Strategic Petroleum Reserve (SPR) that is adequate.

Executive Director of the ReforMiner Institute Komaidi Notonegoro disclosed that the current stock of fuel essentially amounts to operational stock owned by the business entities, not a national strategic reserve.

‘These days we have around 20-25 days; but that stock is not owned by the state but is the operational stock of the enterprises whose inventories have not yet been sold,’ Komaidi told CNBC Indonesia, quoted on Friday (6/3/2026).

Komaidi explained that in normal business practice, businesses typically maintain stock turnover so that stock moves quickly. Goods that come in are generally dispatched promptly so as not to hold funds in inventory for too long.

However, in the context of safeguarding the national fuel supply, companies such as Pertamina must supplement their operational stocks. This means large sums of corporate funds are tied up in the form of fuel inventories.

He also detailed that the cost of storing energy reserves is quite large. For example, to provide one day of fuel stock requires an allocation of around Rp2.5 trillion to Rp3 trillion.

‘Thus for 30 days, the figure would automatically be visible, between Rp60 trillion and Rp90 trillion,’ he said.

(pgr/pgr)