The Palm Scribe

Biodiesel price to be adjusted every month

Bisnis Indonesia, 13 November 2018

The Energy and Mineral Resources (ESDM) Ministry has issued ESDM Ministerial Regulation No.45/2018 to replace ESDM Ministerial Regulation No.41/2018 on Supply and Utilization of Biodiesel Vegetable Oil in Financing Framework by the Indonesian Oil Palm Estate Fund. The new regulation will see biodiesel market index price being adjusted every month. The price was initially adjustment every three months.

ESDM Ministry Renewable Energy and Energy Conservation Directorate General Bioenergy Director Andriah Feby Misnah told “Bisnis” on Monday (November 12) that the monthly price adjustment is meant to calculate the market index price difference between diesel fuel and biodiesel.

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