Indonesia Domestic Oil Market

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Indonesia Domestic Oil Market

Residents with their vehicles queue to fill up with gasoline at a public fuel station (SPBU) in Bekasi, West Java, on March 31, 2026. The long queue is attributed to public concern over the government's plan to increase fuel prices on April 1. The Indonesian government has considered several options to address the rise in world oil prices, including increasing fuel prices, promoting remote work to save fuel, or limiting the amount of fuel purchased per vehicle. This situation arises due to the closure of the Strait of Hormuz by Iran amid its conflict with Israel and the United States over the past month. (Photo by Aditya Irawan/NurPhoto)


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