Why Indonesian Oil and Gas Imports See 82.52% Hike in April 2026

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TEMPO.CO, Jakarta - The deputy of Methodology and Statistical Information at Statistics Indonesia (BPS), Pudji Ismartini, said oil and gas imports in April 2026 surged by 82.52 percent compared to the same period last year. The total value of oil and gas imports in April was recorded at US$4.59 billion.

This figure has increased by US$2.07 billion compared to April 2025, which was recorded at US$2.51 billion. "This is caused by the increase in the value of crude oil imports by 67.49 percent and the increase in the value of oil product imports by 87.76 percent," said Pudji during a press conference in Jakarta on Thursday, June 2, 2026.

Specifically for crude oil, the largest import destinations came from three countries, namely Nigeria, Brazil, and Kazakhstan. Meanwhile, the surge in oil product imports camed from Malaysia, Singapore, and Russia.

From January to April 2026, oil and gas imports cumulatively reached US$12.93 billion, up 17.58 percent from the same period last year, triggered by an increase in crude oil imports valued at US$565.5 million and oil product imports valued at US$1.36 billion.

Meanwhile, oil and gas exports has declined, triggering a deficit in the oil and gas sector which put pressure on the country's trade surplus.

By April 2026, Indonesia's trade surplus had shrunk to US$89.1 million, marking the lowest surplus in 72 months or the last six years. The surplus came from non-oil and gas trade transactions valued at US$3.53 billion, while the oil and gas sector experienced a deficit of US$3.44 billion.

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