Biofuel Market Price Index (MPI) for period of November 2018 is set lower to Rp7,277 per liter. The MPI is also set for biofuel blended with fuel for B20 mandatory program.
The price is set with reference to the letter of Director General of New Renewable Energy and Energy Conservation of the Ministry of Energy and Mineral Resources No 5307/12/DJE/2018 dated on 26 October 2018. It is said the the ministry has set MPI for two biofuel and bioethanol.
Biodiesel price is set Rp7,277 per liter not included distribution cost that was initially set on the Minister of Energy and Mineral Resources Decree Number 1770 K/12/MEM/2018. The price was lower Rp64 per liter from October 2018 price of Rp7,341 per liter.
Meanwhile, MPI price for bioethanol rose Rp80 to Rp10,457 per liter from Rp10,377 per liter in October 2018. Biofuel MPI is gradually set every month and evaluated at least every six month by Directorate General of of New Renewable Energy and Energy Conservation. ***