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Three Weeks After War, Indonesia's Gasoline Price Increase Is the Lowest in Southeast Asia

Adi Ahdiat 25/03/2026 13:22 WIB

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The US-Israeli war against Iran has triggered an increase in fuel prices in many countries. However, until the third week of the war, the increase in gasoline prices in Indonesia was relatively small.

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

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

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The United States-Israel war against Iran that erupted since February 28, 2026, has triggered a rise in global crude oil prices.

The price increase occurred after Iran restricted ship traffic in the Strait of Hormuz, a major route for oil exports from the Middle East.

This subsequently impacted the rising cost of petroleum products in many countries, including in the Southeast Asia region.

According to Global Petrol Prices data, after about three weeks of war, the most affected Southeast Asian country was the Philippines.

As of March 23, 2026, gasoline prices in the Philippines had risen by 54.20% compared to the week before the war broke out, on February 23, 2026.

In a similar period, significant price increases also occurred in Cambodia, Laos, Vietnam, Myanmar, and Singapore, with percentage increases ranging between 20% and 49%.

Meanwhile, the increase in gasoline prices in Indonesia was the lowest compared to neighboring countries, rising by only 2.8%, as shown in the graph.

According to Global Petrol Prices, the rate of fuel price increases varies from country to country due to their governments' different policies.

"Typically, prices in countries with liberalized fuel markets adjust more rapidly," said Global Petrol Prices on its website, quoted on March 25, 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," it continued.

Global Petrol Prices collects these fuel 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."

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Three Weeks After War, Indonesia's Gasoline Price Increase Is the Lowest in Southeast Asia

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