“…The issue of fuel prices occurred not only in Indonesia but also in various countries in the world. In kinds of literature, some studies have been conducted related to fuel prices, such as [10] that investigate the effects of fuel prices on the stock market during COVID-19, the implication of the fuel price to economics agents [11] [12], the impact of fuel price changes to road traffic collisions [13], fossil-fuel subsidy reform [14], evidence from China about gasoline p-ISSN: 2774-602X e-ISSN: 2774-6038 prices and new automobiles [15]. The impact of fossil fuel prices on economic growth, environment sustainability, employment policy, healthcare expenditure, urban development, retailer businesses, and renewable fuel standard compliance cost save also been studied [16,17,18,19,20,21,22,23].…”