Jakarta, March 10 -- The Indonesian government is closely monitoring rising global oil prices with a cautious approach to avoid rushing fiscal policy changes, said Finance Minister Purbaya Yudhi Sadewa.

Sadewa made the remarks at the Presidential Palace complex here on Tuesday, in response to sharp fluctuations in global oil prices over the past three days, and their potential impact on fuel prices ahead of Eid al-Fitr in Indonesia.

"We are carefully observing whether it rises or falls. If it rises for several days or weeks, then we can anticipate a sustained increase, but it might rise and suddenly fall again," he said.

He explained that the government will first determine the price trend before making adjustments to the state budget ...