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Politics

Indonesia's Widodo backtracks on fuel aid as elections near

President looks to raise subsidies he had cut to fund infrastructure building

Indonesia has not raised retail prices for fuel despite rising costs, hurting state-owned oil company Pertamina.

JAKARTA/SINGAPORE -- Indonesian President Joko Widodo plans to raise diesel subsidies amid worries that higher fuel costs threaten his bid for re-election next year, backtracking on a policy to cut aid and allocate funds to more productive projects.

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