Indonesia's Neighbours Unite in Fuel Price Increases Following Regional Conflict
Jakarta, CNBC Indonesia — Geopolitical conflict in the Middle East, particularly the war involving Israel, the United States and Iran, has begun to directly impact global fuel price increases, including in the Southeast Asian (ASEAN) region.
Several countries in Southeast Asia have increased fuel prices in early March, following the outbreak of the Israel-Iran war, compared to before the conflict began.
According to Aljazeera on Tuesday (17 March 2026), numerous Southeast Asian nations have raised fuel prices, particularly for RON 95 petrol, following the outbreak of the Israel-US and Iran war on 28 February 2026.
The fuel price increases are linked to the surge in global crude oil prices. On 27 February 2026, before the war erupted, Brent crude oil was trading at US$72.48 per barrel and WTI at US$67.02 per barrel.
Following the outbreak of war on 28 February 2026, global oil prices surged sharply. By 16 March 2026, Brent crude oil reached US$105.84 per barrel and WTI hit US$100.37 per barrel.
Below is a list of fuel price increases for RON 95 petrol in Southeast Asian countries between 23 February and 11 March 2026, according to Aljazeera on Tuesday (17 March 2026).
Cambodia
On 23 February 2026, average petrol fuel prices in Cambodia reached US1.11perlitreorRp18, 865perlitre(assuminganexchangerateofRp16, 984perUS). By 11 March, prices rose approximately 18.91% to US$1.32 per litre or Rp22,434 per litre.
Vietnam
On 23 February 2026, average petrol fuel prices in Vietnam reached US$0.75 per litre or Rp12,747 per litre. By 11 March, prices increased 50.66% to US$1.13 per litre or Rp19,205 per litre.
Laos
On 23 February 2026, average petrol fuel prices in Laos reached US$1.34 per litre or Rp22,774 per litre. By 11 March, prices increased 32.83% to US$1.78 per litre or Rp30,252 per litre.
Singapore
Average petrol fuel prices in Singapore on 23 February reached US$2.16 per litre or Rp36,711 per litre. By 11 March, prices increased 15.74% to US$2.50 per litre or Rp42,490 per litre.
Malaysia
Average fuel prices for petrol in Malaysia on 23 February reached US$0.65 per litre or Rp11,047 per litre. By 11 March, prices rose slightly to US$0.68 per litre or Rp11,557 per litre.
Myanmar
Average fuel prices for petrol in Myanmar on 23 February reached US$0.77 per litre or Rp13,084 per litre. By 11 March, prices increased 9% to US$0.84 per litre or Rp14,274 per litre.
Fuel Prices in Indonesia
Meanwhile, fuel prices at Indonesian petrol stations currently do not yet reflect conditions following the outbreak of conflict in the Middle East. Current fuel prices at petrol stations are effective from 1 March 2026, taking into account oil price movements during the previous two months, exchange rate assumptions for the rupiah against the US dollar, and the Mean of Platts Singapore (MOPS).
The impact of the current surge in global oil prices is likely only to become apparent in non-subsidised fuel prices from 1 April 2026. Indonesia adjusts non-subsidised fuel prices on the 1st of each month.
Subsidised fuel prices remain unchanged through March 2026, with Pertalite (RON 90) at Rp10,000 per litre and subsidised diesel at Rp6,800 per litre.
Below is a list of fuel prices at Indonesian petrol stations for March 2026:
Pertamina Petrol Stations (DKI Jakarta):
Pertalite (RON 90): Rp10,000 per litre
Subsidised Diesel: Rp6,800 per litre
Pertamax (RON 92): Rp12,300 per litre
Pertamax Turbo (RON 98): Rp13,100 per litre
Pertamax Green 95 (RON 95): Rp12,900 per litre
Dexlite: Rp14,200 per litre
Pertamina Dex: Rp14,500 per litre
Shell Petrol Stations:
Shell Super: Rp12,390 per litre
Shell V-Power Diesel: Rp14,620 per litre
BP Petrol Stations:
BP 92: Rp12,390 per litre
BP Ultimate: Rp12,920 per litre
BP Ultimate Diesel: Rp14,620 per litre
Vivo Petrol Stations:
Vivo Revvo 92: Rp12,390 per litre
Vivo Revvo 95: Rp12,930 per litre
Vivo Diesel Primus: Rp14,610 per litre
Mobil Indostation:
Gasoline 92: Rp12,395 per litre