InfoSAWIT, JAKARTA – To implement biodiesel mandatory program according to Chapter 19, paragraph (1a) President’s Regulation (PR) Presiden Number 66 / 2018 about the Second Substitution on PR Number 61 / 2015 about Palm Oil Plantation Fund Raising, hereby we delivered the conversion numbers of crude palm oil to be biodiesel that is US$ 85/metric ton (MT) and the numbers of biodiesel market index price (MIP) in September 2024 are Rp 12.389/liter, added by transportation costs that would be effective since on 1 September 2024.

MIP numbers of vegetable fuel kinds of biodiesel was calculated ased on the FIRST regulation in the Decision of Minister of Energy and Mineral Resource Number 3.K/EK.05/DJE/2024 about Market Index Price for Vegetable Oil kind of Biodiesel that is mixed to Diesel Fuel.

According to the Attachment Number T-3384/EK.05/DJE.B/2024, on 29 August 2024, the transportation costs would refer to the maximal cost of vegetable oil kinds of biodiesel that is mixed to diesel fuel that is regulated in the decision of minister about biodiesel MIP that is mixed to diesel fuel.

“Currency conversion used the medium average reference in Indonesian Bank since on on 25 July 2024 until 24 August 2024, that was Rp 15.978,” the notes wrote as InfoSAWIT quoted from the official page of General Directorate of New Renewable Energy and Mineral Resource, Friday (6/9/2024).

It meant, what InfoSAWIT calculated, biodiesel MIP in September 2024 got increased Rp 7/liter or tended to be stagnant to August 2024 MIP that was Rp 12.382/liter. (T2)