Indonesia’s gasoline imports fall to four-month low in January

Oil

Indonesia’s gasoline imports declined by 96K b/d m-o-m to 304K b/d in January, falling for the second consecutive month to the lowest level since September, according to the government statistics agency Badan Pusat Statistik (BPS). Shipments from southeast Asia decreased by 54K b/d m-o-m to 258K b/d, while arrivals from India also fell by 22K b/d m-o-m to 36K b/d. Imports of diesel declined by 51K b/d m-o-m to 63K b/d, after previously reaching the highest level since 2019 in December. Crude oil imports fell by 281K b/d m-o-m and 160K b/d y-o-y to a three-month low of 141K b/d.