Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025 > 자유게시판

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Biodiesel allotment decree was awaited by industry

Indonesia had actually prepared to release higher biodiesel mix on Jan. 1

Palm oil benchmark contract increased 1% after previous fall

Government aims for 50% biodiesel mix in 2026

(Recasts with energy minister's comment)

By Bernadette Christina and Fransiska Nangoy

JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources Minister signed a decree on Friday designating 15.6 million (KL) of biodiesel for 2025 circulation, while giving the industry till completion of next month to adjust to the greater level of the fuel in the mix.

Indonesia, the world's largest exporter of palm oil, had actually planned to release the mandatory requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.

"The ministerial policy has actually been signed," the minister Bahlil Lahadalia told press reporters, including the government was working to increase the compulsory biodiesel mix to 50% next year.

Eniya Listiani Dewi, a ministry senior official, stated biodiesel producers and fuel merchants will be given up until Feb. 28 to adjust to the B40 mix. She stated the delay was due to the fact that of technical challenges connected to subsidies for the fuel.

The non-implementation on Jan. 1. had actually caused a 2.6% drop in the Malaysian palm oil criteria agreement on Thursday. On Friday, it recuperated by around 1%.

Fuel retailers and biodiesel producers had stated they were not able to draw up contracts for biodiesel distribution without the decree.

The biodiesel allocation for 2025 suggested a boost from 2024's approximated biodiesel intake of 12.98 KL, ministry information showed on Friday.

Of the total allotment for this year, 7.55 million KL is for the public service obligation (PSO), which covers sectors such as public transport, whose sales will be subsidised by the country's palm oil fund.

"The staying allowances will be cost market rate. The non-PSO allocation is set at 8.07 million KL," Bahlil said, adding the fund could not subsidise the cost gap in between the palm oil and fossil fuels for the total allotment.

BPDPKS, the firm in charge of collecting and managing the palm oil funds, estimated in November B40 would require a 68% aid increase.

To assist finance that, Indonesia plans to increase its export levy for unrefined palm oil (CPO) to 10% from the existing 7.5%, however for that to happen, another official guideline is required. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati; modifying by John Mair, Savio D'Souza, Shri Navaratnam and Barbara Lewis)