Biodiesel Price Index for January 2019 set Lower at Rp6,371

MINISTRY of Energy and Mineral Resources (MEMR) has announced biofuel Market Price Index (MPI), included biodiesel and bioethanol, for period of January 2019. The announcement is stated on letter issued by Directorate General of New Energy, Renewable Energy and Energy Conservation at MEMR number 5966/12/DJE/2018 dated 18 December 2018. Biodiesel MPI for January 2019 is set at Rp6,371 per liter, lower than price for December at Rp6.589. The price doesn’t include distribution cost. Biodiesel MPI was benchmarked against average CPO price from 15 November 2018 to 14 December 2018 at Rp5,872 per kilogram (kg) plus US$100 per ton multiplied by 879/Kg m3 plus transportation cost. The MPI is also set for B20 mandatory program which includes diesel fuel blending, both for special purposed fuels and general fuels. MPI bioethanol is also set lower at Rp10,274 per liter from Rp10,362 per liter in December 2018. The price was benchmarked against average mollases price of Kharisma Pemasaran Bersama (KPB) from 15 July 2018 to 14 December 2018 at Rp1,611 per kg multiplied by 4.125 kg per liter plus US$0.25 per liter. ***