InfoSAWIT, JAKARTA – In the implementation of biodiesel mandatory program as regulated in Chapter 18 paragraph (1a) President’s Regulation Number 66 / 2018 about the Second Substitution on President’s Regulation Number 61 / 2015 about Palm Oil Plantation Fund Raising and Distribution, it is declared that the conversion numbers of crude palm oil to be biodiesel would be US$ 85/MT and market index price (MIP) of vegetable oil kind of biodiesel in August 2024 would be Rp 12.382/liter, added by transportation cost that would be effective since on 1 August 2024.

Biodiesel MIP was calculated based on the regulation the first of Decision of Minister of Energy and Mineral Resource Number 3.K/EK.05/DJE/2024 about Market Index Price for Biodiesel that is mixed to Fuel kind of diesel.

Referring to the attachment Number T-2832/EK.05/DJE.B/2024, on 28 July 2024 it is mentioned that the numbers of transportation cost would refer to maximal cost of fuel kind of biodiesel transportation that is mixed to diesel as regulated in the decision of minister about MIP biodiesel which is mixed to diesel

“The conversion of currency would manage the central average currency reference in Indonesian Bank since on 25 June 2024 to 24 July 2024 which was Rp 16.286,” the noted mentioned as InfoSAWIT quoted from the official page of General Directorate of New Renewable Energy and Energy Conversion, Wednesday (31/7/2024).

From what InfoSAWIT calculated, biodiesel MIP in August 2024 increases Rp 266/liter if compared to July 2024 MIP that was Rp 12.116/liter. (T2)