Iran Engulfed in War, Fuel Prices Rise in Southeast Asia

Adi Ahdiat 13/03/2026 12:41 WIB

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The US-Israeli war against Iran has triggered a rise in global crude oil prices. This has led to an increase in fuel prices in many countries, including in Southeast Asia.

The percentage increase in fuel prices in Southeast Asia after the US-Israel war against Iran (February 23 - March 9, 2026)*

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The percentage increase in fuel prices in Southeast Asia after the US-Israel war against Iran (February 23 - March 9, 2026)*

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The war between the United States-Israel and Iran that broke out since February 28, 2026, has triggered an increase in oil prices.

According to Investing.com data, by the 13th day of the war, March 12, 2026, the price of Brent crude oil had already surged by 39% compared to the day before the war.

The rise in crude oil prices has affected the price of gasoline in many countries, including in Southeast Asia.

According to Global Petrol Prices data, the most affected Southeast Asian country is Vietnam.

After a week of war (March 9, 2026), the price of gasoline in Vietnam has risen by 50% compared to the week before the war (February 23, 2026).

In a similar period, significant price increases were also recorded in Laos, Cambodia, and Singapore.

Meanwhile, the increase in gasoline prices in Indonesia is relatively low, only 2.8%, as shown in the chart.

According to Global Petrol Prices, the rate of BBM price increases varies in each country because their governments have different policies.

"Prices in countries with liberalized fuel markets adjust more rapidly," said Global Petrol Prices on its website, quoted March 13, 2026.

"Governments in countries with regulated prices often wait several weeks to determine whether the oil price change is permanent before adjusting retail prices. If the shock is large, governments may also intervene to suppress a price increase," they said.

Global Petrol Prices collects these BBM price data from government ministries/agencies, international oil companies, and mass media reports in each country.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."