Indonesia to delay plans to limit fuel subsidies

Indonesia will delay its plans to limit fuel subsidies and has no plan to increase the price, chief economic minister Hatta Rajasa said on Monday.

"The government has decided to delay it," Rajasa said, without mentioning the timeline.
A government official said earlier the government had decided to delay scrapping fuel subsidies for private cars until July 1.

Indonesia, a founding member of OPEC but now an importer of fuel, heavily subsidises the pump price for consumers and the issue has become a political football at a time inflation is rising -- partly on the back of soaring oil prices. Source: Reuters