Indonesia’s government issued a new regulation on Friday that raises the palm oil export levy up to $375 per tonne, when the edible oil’s reference price reaches $1,500 per tonne, in a bid to tackle the country’s cooking oil shortage. The new regulation, which took effect immediately, introduced higher progressive rates when the reference price for the edible oil hit at least $1,050 a tonne. For every $50 increase in the reference price, the levy will be raised by $20 up to the maximum of $375 per tonne, according to the finance ministry regulation. Previously, the maximum export levy was $175 per tonne when the reference price hit at least $1,000 per tonne. Authorities have been struggling to control the domestic market for palm oil-based cooking oil after prices surged 40 percent at the start of the year due to high global prices. Two Indonesian women reportedly died after waiting …