85 Countries Experience Fuel Price Surge Since Iran War Erupted

JAKARTA - A surge in oil fuel (BBM) prices has occurred in various countries following the outbreak of conflict between the United States (US) and Israel against Iran at the end of February 2026. The impact is not only felt in the Middle East but has also spread to the global energy market, with dozens of countries recording increases in consumer-level fuel prices. According to an analysis based on Global Petrol Prices data cited by Al Jazeera, at least 85 countries have reported fuel price increases since the initial attack on Iran on 28 February 2026. Motorists around the world are beginning to feel the direct impact of this geopolitical conflict. Retail fuel prices have risen sharply in a relatively short time, reflecting the energy market’s sensitivity to supply risks in the world’s major oil-producing region. Global trend data from GlobalPetrolPrices shows that the average world petrol price also increased in early March 2026. Differences in prices between countries remain significant, with wealthy nations tending to have higher fuel prices, while oil-producing countries generally enjoy lower prices. With an exchange rate of Rp16,977 per US dollar, the average global petrol price equates to an increase from around Rp22,070 per litre to Rp22,919 per litre. The GlobalPetrolPrices platform notes that retail energy price data is collected and verified using various sources in more than 150 countries, providing a relatively comprehensive view of global trends. Petrol prices for octane 95 in that country rose nearly 50 per cent, from around 0.75 US dollars per litre on 23 February to 1.13 US dollars per litre on 9 March 2026. Converted at the exchange rate of Rp16,977 per US dollar, this price increased from around Rp12,733 per litre to Rp19,184 per litre. In addition to Vietnam, Laos recorded an increase of around 33 per cent, Cambodia around 19 per cent, Australia around 18 per cent, and the United States around 17 per cent.