Palm Oil Prices Weak Down, HIP BBN Down Thin

By : Hariyanto And Aldo Bella Putra | Thursday, February 08 2018 - 18:00 IWST

kelapa sawit (ilustrasi)
kelapa sawit (ilustrasi)

INDUSTRY.co.id - Jakarta - Entering February 2018, the Ministry of Energy and Mineral Resources (ESDM) again lowered the Market Price Index (HIP) of Biofuels (BBN), which includes biodiesel and bioethanol.

The biodiesel tariff is set at Rp 7,962 per liter or decreased by Rp 38 from January 2018, which are Rp 8.000 / liter. The price is still not included with the calculation of freight charges, which is guided by the Decree of the Minister of Energy and Mineral Resources (ESDM) No.2026 K / 12 / MEM / 2017.

According to information received by INDUSTRY.co.id on Thursday (8/2/2018), this decrease occurred due to the decrease of crude palm oil price in the calculation in accordance with the provisions of Letter of the Director General of Renewable Energy and Energy Conservation (EBTKE) Number 590/12 / DJE / 2018.

The decline in HIP biodiesel is sustained by the average price of crude palm oil (CPO) from December 25, 2017 to November 24, 2018 of Rp 7,810 per kilo gram (kg). This price is lower in the previous period, which is Rp 7,841 per kg.

Decreases occur also in bioethanol HIP. The market price of bioethanol was plotted at Rp 10,059 per liter by the Government after the last three months rose from Rp 10,077 (November), Rp 10,088 (December) and Rp 10,090 (January).

This decline factor is determined by the average drop of sugarcane of Kharisma Marketing Bersama (KPB) during July 25, 2017 - January 24, 2018 recorded at Rp 1,625 per kg plus the amount of US dollars, ie US $ 0.25 per liter multiplied 4.125 kg per liter.

For information, HIP BBN is set every month and evaluated for at least 6 months by the Director General of EBTKE.

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…