Indonesian Government to Announce Key Policies Tomorrow!

Jakarta, CNBC Indonesia - The Indonesian government will announce a series of policies aimed at responding to the economic impacts of the war between the United States (US) and Israel with Iran.

Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso stated that the policy announcement will take place at 7:00 PM WIB tomorrow, Tuesday (31/3/2026).

“All policies related to mitigating risks from global dynamics (WFH, Budget Adjustments, B-50, etc.) will be announced tomorrow,” said Susiwijono in a written statement on Monday (30/3/2026).

As is known, several neighbouring countries to Indonesia have already announced policies in response to the economic turmoil triggered by the US-Israel war with Iran. The war began with a US attack under President Donald Trump’s administration on Iran at the end of February 2026.

The US-Israel attack on Iran has disrupted energy commodity prices, such as fuel. This is particularly true after Iran responded to the attack by closing the Strait of Hormuz, one of the world’s main oil and gas trade routes.

The Australian government has taken emergency steps to curb the surge in living costs due to rising global energy prices. On Monday (30/3/2026), Canberra announced a fuel tax cut as well as a temporary waiver of road charges for heavy vehicle users for three months.

In a press conference in Canberra, Prime Minister Anthony Albanese stated that the government will halve the excise on petrol and diesel. This policy is estimated to lower fuel prices by 26.3 Australian cents per litre.

“We understand that the cost-of-living pressures on the public are very real because the impact of the war in another part of the world is now felt directly here,” said Albanese, quoted by Reuters.

On the same occasion, attended by Energy Minister Chris Bowen, Finance Minister Jim Chalmers said the total cost of the policy to the government amounts to around 2.55 billion Australian dollars.

This latest step is part of a series of energy security policies that Canberra has taken since the war began on 28 February. The government had previously announced the release of domestic petrol and diesel reserves, as well as temporary relaxation of fuel quality standards.

In addition to the tax cut, the government also confirmed the implementation of the national fuel security plan. All state governments have agreed to cooperate to ensure fuel distribution to the most needy regional areas.

Albanese explained that the plan has four levels of action, and Australia is currently at level two, namely ensuring national mobility continues to run. The highest level will focus on keeping critical services operational.

“While Australia’s fuel supply prospects remain secure in the short term, we must also be very clear to citizens that the longer this war lasts, the worse the impact will be,” said Albanese.

Meanwhile, Vietnam has officially temporarily eliminated environmental taxes on petroleum fuels to slash the surge in petrol prices.

The Vietnamese Ministry of Trade in its official statement explained that the environmental protection tax rate for petrol, diesel, and aviation fuel will be cut to zero percent. This emergency policy takes effect from Friday until 15 April to dampen domestic economic turmoil.

“This is considered an urgent and effective solution to stabilise the oil market and ensure national energy security amid escalating conflict in the Strait of Hormuz, which creates the biggest energy barrier ever,” wrote the Vietnamese Ministry of Trade in the official statement.

Data released by the ministry shows that the policy will lower petrol prices by around 26% and reduce diesel prices by just over 15%. This sharp decline comes after fuel costs skyrocketed dramatically at the start of this week due to tense geopolitical uncertainty.

India’s Finance Minister Nirmala Sitharaman had previously stated that the government is cutting central excise duties on domestically used petrol and diesel. This policy is described as a direct response to the crisis in West Asia.

In addition, the government has also set new export tariffs for diesel and aviation turbine fuel. Sitharaman announced an export cost of 21.5 rupees per litre for diesel and 29.5 rupees per litre for aviation turbine fuel.