Oil price exceeds 100 dollars per barrel, Pertamina optimises operational efficiency

PT Pertamina (Persero) will optimise operational efficiency across its entire business chain in response to global oil prices that have exceeded 100 US dollars per barrel due to the US-Israel conflict with Iran.

“The company is optimising operational efficiency across the entire business chain,” said Pertamina Vice President for Corporate Communication Muhammad Baron to ANTARA when reached in Jakarta on Monday.

Additionally, Pertamina is also communicating with the government regarding national energy policy in response to the surge in global oil prices.

Brent crude oil briefly reached 118 US dollars per barrel for the first time since 17 June 2022, according to reports. This price is significantly higher compared to the average oil price in January 2026, when Brent (ICE) was at 64 US dollars per barrel, and US WTI was at 57.87 US dollars per barrel.

Despite fluctuations in oil prices, Baron assured that fuel supply remains secure amid the war between the US-Israel coalition and Iran.

“Pertamina is committed to maintaining operational reliability and ensuring that energy supply to the public remains secure,” he stated.

The surge in global oil prices has been triggered by escalating conflict between the United States and Israel against Iran. Iran has retaliated with a series of large-scale attacks targeting US military bases, diplomatic facilities, and military personnel throughout the region, as well as several cities in Israel. The attacks continue to intensify.

On Sunday (8 March), the US and Israel launched air strikes targeting Iranian oil storage facilities in Tehran and its surroundings. The strikes caused severe damage to several storage facilities, including the Shahran Oil Depot.