April 10, 2018 / 10:48 AM / 9 months ago

Indonesia to regulate non-subsidised vehicle fuel prices -deputy energy minister

(Repeats APRIL 9 story, no change to text)

JAKARTA, April 9 (Reuters) -

* Indonesia plans to regulate prices of non-subsidised vehicle fuels as part of efforts to control inflation, Deputy Energy Minister Arcandra Tahar said on Monday.

* “The direction from the president was that price increases must take into account inflation going forward,” Tahar said.

* “The government is very concerned with the rate of inflation,” he added, referring to increasing fuel prices by all retailers, but excluding aviation fuel and fuel for industries.

* Indonesia’s fuel retailers include Shell, AKR Corporindo as well as state-owned energy company Pertamina.

* Susyanto, secretary of Indonesia’s Oil and Gas Directorate, said the move was in accordance with a Supreme Court ruling that stipulated that the government “must know exactly” about fuel price changes.

* “The regulation will make changes so that every time there’s an increase it will be obligatory to obtain prior government approval,” he said. (Reporting by Wilda Asmarini; writing by Fergus Jensen; editing by Richard Pullin)

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