Kontan Harian, 7 November 2018
Energy and Mineral Resources (ESDM) Ministry has adjusted biodiesel price in November at Rp7,277 per liter, down 0.87% from Rp7,341 per liter in October. The price also applies to mandatory 20% biodiesel blend (B20) program.
ESDM Ministry New Renewable Energy and Energy Conservation Director General Rida Mulyana in an official statement received by “KONTAN” on Tuesday (November 6) said that the biodiesel price decrease was caused by global crude palm oil (CPO) price decrease. The B20 program is expected to boost CPO price and absorption, he said.