Indonesia's Oil Import Volume to Increase in 2024, Reaching a New Record High

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Adi Ahdiat 03/03/2025 12:41 WIB

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According to data from the Central Statistics Agency (Badan Pusat Statistik), Indonesia's oil import volume in 2024 increased to a new record high.

Indonesia's Oil Import Volume (1996-2024)

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Indonesia's Oil Import Volume (1996-2024)

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According to data from the Central Statistics Agency (BPS), Indonesia imported 53.74 million tons of crude oil and oil products in 2024.

The volume increased by approximately 19% compared to 2023 (year-on-year/yoy) and set a new record high, as shown in the graph.

The increase in Indonesia's oil import volume in 2024 mainly came from oil products.

The volume of oil product imports in 2024 reached 36.89 million tons, up approximately 35% (yoy).

Meanwhile, the volume of crude oil imports in 2024 was around 16.86 million tons, down 5.5% (yoy).

According to PT Pertamina (Persero) President Director Simon Aloysius Mantiri, Indonesia has to import oil because it cannot yet meet its needs independently.

He stated that Indonesia is unable to meet approximately 40% of its crude oil needs and 42% of its domestic fuel oil (BBM) needs.

"Of course, this [oil import] must continue to ensure energy resilience and energy availability for the public," said Simon at a press conference at Graha Pertamina Building, Jakarta, Monday (3/3/2025).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."