Government to propose new pricing for biofuel

Kontan - The government is planning to introduce a new arrangement that will set the price of biofuel for a mandatory fuel blending program in a bid to encourage more biofuel producers to supply the domestic market.

The Energy and Mineral Resources Ministry director for bioenergy, Dadan Kusdiana, said on Wednesday that the new calculation formula was currently being prepared and would likely be implemented in 2015.

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