What are the trends in the import of crude oil, fuel oil, and LPG over the past three years?

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Cindy Mutia Annur 10/12/2020 09:50 WIB

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Pertamina's report notes that imports of gasoline and LPG continued to increase during 2017-2019.

Crude Oil, Fuel Oil, and LPG Import Trends During 2017-2019 (Pertamina, 2020)

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What are the trends in the import of crude oil, fuel oil, and LPG over the past three years?

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Crude Oil, Fuel Oil, and LPG Import Trends During 2017-2019 (Pertamina, 2020)

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Pertamina's report notes that imports of gasoline and LPG increased continuously from 2017 to 2019, with a compound annual growth rate (CAGR) of 2% each. In 2019, gasoline and LPG imports reached 121 million barrels and 66 million barrels, respectively.

Conversely, imports of crude oil, diesel, and avtur showed a downward trend over the past three years. Their respective import volumes in 2019 decreased to 75 million barrels, 27 million barrels, and 2 million barrels.

According to the report, the decline in crude oil imports in 2019 was influenced by the policy prioritizing domestic utilization of crude oil for domestic refineries.

Editor : Muhammad Ahsan Ridhoi

"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."