Indonesia's oil refinery capacity has exhibited minimal growth over the past decade. In 2023, the capacity stood at 1.12 million barrels per day, indicating slight year-on-year growth of 1.08%. Over the last five years, the compound annual growth rate (CAGR) is approximately 0.45%. The period experienced sporadic changes, with declines in 2018 and 2020 but recovery afterward. From 2024 onward, the forecast suggests a steady growth trend, with a notable CAGR of 0.8% over the next five years.

Future trends to watch for include:

Investment in new refinery projects and upgrades to existing ones.
The impact of government policies on refining capacity expansion.
Technological advancements for more efficient and environmentally-friendly refining processes.