US-Israel-Iran War Impact: Government Ensures Fuel Prices Will Not Rise

Jakarta – The head of the Special Development Control and Investigation Agency (Bappisus), Aris Marsudiyanto, has assured Indonesians that fuel (BBM) prices will not rise despite global oil prices surging as a result of the conflict between the United States, Israel, and Iran.

“There will be no increase in fuel prices. This was already communicated by Pak Bahlil yesterday,” Aris told reporters at the Presidential Palace Complex on Tuesday, 10 March 2026.

The government is conducting careful coordination and calculation regarding the conflict’s impact on the national economy, Aris added, urging the public not to worry about economic volatility following the Iran-Israel-United States conflict.

“Everything has been calculated. In principle, Indonesia’s economy is strong, so there’s no need to worry about the conflict between America, Israel, and Iran,” Aris said.

“There’s no problem; Indonesia’s economic fundamentals are strong,” he added.

Earlier, Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed that the government has not yet raised subsidised fuel prices amid surging global oil costs stemming from geopolitical tensions in the Middle East.

According to Hartarto, the government is still monitoring the conflict’s developments and its impact on crude oil prices before taking further policy action.

“Not yet (raising subsidised fuel prices). Our state budget’s macro assumption was 70 dollars per barrel (ICP). So we’ll just wait,” Hartarto said in the Tanah Abang area of central Jakarta on Thursday, 5 March 2026.

Hartarto explained that the government is currently preparing several scenarios to anticipate possible prolonged effects from the conflict.

“How long will the war last? It could be three months, six months, or longer. So we each have scenarios,” he said.

Meanwhile, energy expert from Padjadjaran University Yayan Satyakti predicted that global oil prices could spike to as high as US$100 per barrel from around US$72 per barrel if the Strait of Hormuz is closed.