TEMPO.CO, Jakarta - Minister of Energy and Mineral Resources Bahlil Lahadalia urged the public not to engage in panic buying of fuel following the closure of the Strait of Hormuz due to Iran's war against the United States and Israel. Bahlil ensured that the fuel stock is sufficient for domestic needs.
"Together with Pertamina (state-owned oil and gas firm), we have switched from the Middle East to sourcing from the United States, Nigeria, and Brazil. So, there is no need for panic buying," Bahlil said at the Central Leadership Council office of the Golkar Party in Jakarta on Friday night, March 6, 2026.
The statement by the Chairperson of the Golkar Party was in response to long queues at various gas stations as citizens feared fuel shortages. The panic buying was triggered by Bahlil's previous statement that Indonesia's fuel stock suffices for up to 20 days.
Bahlil emphasized that his statement referred to Indonesia's maximum oil storage capacity, which can hold reserves for a maximum of 25 days. He also claimed that this has been the case for a long time, rather than a recent development.
Meanwhile, Bahlil stated that national standards set the minimum oil reserve at 20 days. Thus, he believes there is no issue with oil storage capacity or its realization amidst the escalation of the conflict between Iran, the US, and Israel.
"Our minimal availability standard should be above 20 days based on the national standard. Currently, we have a 23-day reserve. This means that our oil ownership standard is secure. So, there's no need to panic. Supply is smooth," said Bahlil.
Furthermore, he mentioned that Indonesia has been domestically producing diesel fuel. He also stressed that during the 20-day oil reserve storage period, the production and supply process continues as usual.
He urged the population to remain calm because the government claims it will always be present. "God willing, even if there is a war in the Middle East, our situation is safe. I repeat, safe. So, don't listen to provocations or misinformation," he said.
Read: Indonesia's Subsidized Fuel Prices Will Not Rise Yet, Says Minister
Click here to get the latest news updates from Tempo on Google News
Indonesia's Subsidized Fuel Prices Will Not Rise Yet, Says Minister
1 hari lalu
Despite rising global oil prices, Indonesia has not yet opted to raise the price of subsidized fuel.
Japan-Indonesia Oil Reserves Disparity Amid Iran War Explained
2 hari lalu
Japan retains 254 days' worth of oil reserves, while Indonesia has less than a month worth of oil.
Pertamina Prepares 7,885 Gas Stations for 2026 Eid Homecoming
2 hari lalu
PT Pertamina Patra Niaga also prepares 6,662 LPG agents, including around 6,300 agents operating for 24 hours.
Indonesia Can Sustain Fuel Supply for 20 Days, Says Minister Bahlil
2 hari lalu
Minister Bahlil explains that a 20-day oil reserve is not an emergency.
Indonesia Yet to Decide on Fuel Price Hike Amid Strait of Hormuz Closure
2 hari lalu
The Indonesian government is closely monitoring the situation between the U.S., Israel, and Iran, and its potential impact on fuel prices.
Subsidized Fuel Prices in Indonesia Hold Steady Despite Rising Oil Prices
3 hari lalu
Under the 2026 State Budget, the Indonesian Crude Price is set at US$70 per barrel, but market prices have climbed to US$78-80.
Indonesia's Fuel Reserves Safe for 20 Days, Says Minister Amid Iran Conflict
3 hari lalu
Energy Minister Bahlil confirms Indonesia's oil reserves are sufficient for 20 days following Iran's closure of the Strait of Hormuz.
Indonesia Warns Fuel Prices Could Rise Amid Middle East Tensions
4 hari lalu
The situation has been compounded by disruptions to the Strait of Hormuz, a vital route for international oil and fuel trade.
Pertamina Closely Monitors Middle East Operations and Crew Safety
4 hari lalu
Pertamina continues to monitor the operations, fleet, and employees of its three business units in the Middle East.
Pelita Air Charter Plane Crashes in North Kalimantan, Killing Pilot
15 hari lalu
The Pelita Air charter plane had undergone routine inspection as part of the airworthiness check.
