Indonesia's Biodiesel Market Index Price Reached Rp15,559 per Liter in April 2022
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The biodiesel market index price (HIP) reached Rp15,559 per liter in April 2022. This is the highest price since the first recording of the biodiesel HIP in 2015.
The biodiesel HIP increased by 7.8% from Rp14,436 per liter in March 2022. The HIP first exceeded Rp10,000 per liter in April 2021, specifically Rp10,131 per liter.
This biodiesel HIP is three times the price of subsidized diesel fuel. As of April 2021, the government had not yet raised the price of subsidized diesel fuel, which was Rp5,150 per liter.
The Palm Oil Plantation Fund Management Agency (BPDPKS) provides biodiesel incentives to cover the price difference between biodiesel and subsidized diesel fuel. This widening gap could increase these incentives.
From its inception until 2021, BPDPKS has disbursed Rp110.03 trillion in biodiesel incentives. The amount of biodiesel disbursed has reached 33.05 million kiloliters (kl).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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