Indonesia’s Oil Import Soars Double Digits
Jakarta. Indonesia’s oil and gas imports have soared in double digits, according to the statistics bureau BPS, amid a year of Jakarta trying to diversify its foreign energy sources.
For September alone, Indonesian imports in the sector totaled $3.27 billion, up by 23.94% year-on-year (yoy).
“Between January and September, our oil and gas imports totaled $32.57 billion, marking a 37.35% growth from a year earlier. This marks quite a sharp hike,” BPS deputy Ateng Hartono told reporters in Jakarta on Monday.
The agency reported that those inbound shipments included crude and petroleum products. The crude petroleum oil deals in the first nine months of 2026 were worth around $8.69 million. Petroleum products bought from foreign partners amounted to $23.89 million, BPS data showed.
The monthly deficit in oil and gas trade also shrunk from $2.54 billion in August to $2.31 billion the following month. Indonesia had never seen a surplus in oil commerce over the past year.
Ateng did not say from which country Indonesia had been buying its oils, although Indonesia is known to buy a over half of its gasoline from Singapore. The neighbors, however, recently got into a diplomatic spat fueled by Indonesia’s persistent haze and its reductions of pipeline natural gas supplies.
Last week, Singaporean Foreign Minister Vivian Balakrishnan traveled to Jakarta to iron out the differences. In a wrap-up press briefing, Balakrishnan said that both countries shared a commitment to the “sanctity of the [natural gas] contracts”.
Energy Minister Bahlil Lahadalia repeatedly said that Indonesia was seeking to expand its list of sources, including by tapping other suppliers. He even planned on flying to India and China for alternatives to Singaporean gasoline, although the trip had not taken place to this day.
The pursuit of a more diversified sellers’ list goes back to when the Iran war disrupted global oil supplies beginning in late February. Southeast Asia’s biggest economy even clinched a Russian crude import deal, much to Europe’s chagrin. Indonesia also has a $15 billion energy import agreement with the US who has been seeking to narrow its yawning trade deficit.
Tags: Keywords:Related Articles
Indonesia’s Oil Import Soars Double Digits
Indonesia's oil and gas imports went up 23.94% year-on-year in September alone, BPS says.Indonesia Seeks Indian, Chinese Gasoline as Singapore Alternatives
Indonesia will send its Energy Minister Bahlil Lahadalia to travel to India and China to secure more gasoline supplies.Pertamina Loses Primary Oil Import Role as Government Introduces Direct Procurement
Indonesia shifts oil and LPG procurement to government-led deals, reducing Pertamina's traditional import role.Indonesia Steps Up Oil Hunt as Global Prices Break $100
Indonesia is accelerating oil exploration as crude tops $100, targeting more than 1 million barrels a day.Prabowo Sets Three-Year Target to End Indonesia’s Oil, LPG Imports
President Prabowo targets an end to oil and LPG imports within three years as Indonesia launches a 100 GW solar program requiring $73b.Indonesia Prepares Long-Term Contract for Russian Crude
Indonesia is drafing a long-term contract after it received the first tranche of Russian crude, according to Energy Minister Bahlil.Nigeria Becomes Indonesia’s Top Crude Supplier
Nigeria accounts for 24.91% of Indonesia's crude imports in the first half of 2026.The Latest
Who Is Abdul El-Sayed, the First Muslim Elected to the US Senate?
Abdul El-Sayed defeats Republican Mike Rogers in Michigan, becoming the first Muslim elected to the US Senate.NTT DATA Adds 12 MW of Data Center Capacity in Jakarta
NTT DATA opens a 12 MW Jakarta facility and launches a new optical connectivity service to support growing cloud and AI demand.BHB Partners MCorp to Accelerate Leadership and Organisational Transformation
Boustead Holdings partners with Indonesia's MCorp to strengthen leadership and accelerate organisational transformation.ASEAN Haze Center in Indonesia Awaits Members’ Ratification
Vietnam is the only ASEAN member to have ratified the underlying agreement on an Indonesia-based haze control center.Prabowo Orders Firm Action Against Police Generals in Wiretapping Case
Prabowo orders the police chief to ensure an objective, transparent investigation into alleged illegal wiretapping involving three generals.Most Popular
