Minister Bahlil Says Indonesia's Fuel Oil Stocks Pose No Problem, But Prices Do

Jakarta, CNBC Indonesia - Energy and Mineral Resources Minister Bahlil Lahadalia has stated that fuel oil (BBM) stock levels in Indonesia are not problematic. The real impact from the ongoing conflict between Iran, Israel and the United States is related to fuel prices.

Currently, global crude oil prices have exceeded US$100 per barrel. Specifically, on the morning of Monday 9 March 2026, prices reached US$113.68 per barrel.

Bahlil stressed that there is no problem regarding energy stocks. However, regarding prices, his ministry continues to conduct assessments.

“Our problem now is not about stocks—stocks are not problematic, we have everything we need. What we are dealing with now is prices. We are currently preparing to take comprehensive measures,” he said when met at the Energy and Mineral Resources Ministry office in Jakarta on Monday, 9 March 2026.

Bahlil asked the public not to worry about subsidised fuel prices at least until Eid 2026.

“But again, I want to assure the public that they should not be concerned about prices, because until the religious holiday inshaallah there will be no increase in subsidised fuel prices. Yes, for subsidised fuel,” he added.

To balance the rising crude oil prices, Bahlil believes efficiency measures are necessary by maximising domestic energy sources. “Efficiency is not just that—we may also push to accelerate B50 as one alternative,” he said.

In this way, adequate domestic fuel stocks are expected to reassure the public and prevent panic or panic buying. “Yes, there really should be no need for panic buying,” he concluded.