The Indonesian government announced plans to import 1.4 million kiloliters of fuel from the United States, to meet the needs of state oil company Pertamina and private gas stations, while fulfilling trade agreements with the US. The total import volume is 1.4 million kiloliters (covering Pertamina and private sector demand). This is also a condition for the US to reduce tariffs on Indonesian goods (from 32% to 19%).
The US previously required Indonesia not to impose tariffs on US exports; purchase US$15 billion worth of US energy products (approximately IDR 244 trillion), procure US$4.5 billion in agricultural products (approximately IDR 73 trillion), and order 50 Boeing 777 aircraft through Garuda Indonesia. The Deputy Minister of Energy stated that the specific allocation ratio is yet to be determined.
The government has requested Pertamina and private companies to submit detailed demand data; the import plan will continue until the end of 2025. This move aims to balance the trade deficit while ensuring stable domestic fuel supply. Analysts point out that this marks Indonesia's trade-off between energy security and international trade.
The Indonesian government announced plans to import 1.4 million kiloliters of fuel from the United States, to meet the needs of state oil company Pertamina and private gas stations, while fulfilling trade agreements with the US. The total import volume is 1.4 million kiloliters (covering Pertamina and private sector demand). This is also a condition for the US to reduce tariffs on Indonesian goods (from 32% to 19%).
The US previously required Indonesia not to impose tariffs on US exports; purchase US$15 billion worth of US energy products (approximately IDR 244 trillion), procure US$4.5 billion in agricultural products (approximately IDR 73 trillion), and order 50 Boeing 777 aircraft through Garuda Indonesia. The Deputy Minister of Energy stated that the specific allocation ratio is yet to be determined.
The government has requested Pertamina and private companies to submit detailed demand data; the import plan will continue until the end of 2025. This move aims to balance the trade deficit while ensuring stable domestic fuel supply. Analysts point out that this marks Indonesia's trade-off between energy security and international trade.