Import of diesel will be completely stopped from 2026

let's break Indonesia has set a goal to completely stop the import of diesel from 2026 with the aim of strengthening energy security. The government is rapidly expanding the biodiesel program and increasing domestic oil refining capacity, which will reduce dependence on foreign fuels.

The new 'B(50) biodiesel' blend that will be implemented across the country is the mainstay of this plan and it is targeted to start using it from 2026. According to the Minister of Energy and Mineral Resources, Bahlil Lahadalia, the B(50) program and the increase in the capacity of oil refineries will lead Indonesia to stop importing diesel.

After the expansion of Balikpapan Refinery, its daily processing capacity will reach 360,000 barrels, which is expected to increase domestic production and bring about a long-term reduction in diesel imports. Indonesia has long been dependent on imported diesel for transportation, industrial operations and power generation. But due to rising world market prices and import costs, the government has emphasized on developing domestic alternatives. Biodiesel produced from palm oil has contributed significantly to increasing farmers' incomes, expanding industries and diversifying the energy mix.

Express

Related News

3 million more contributors to the Social Security Fund, the contribution amount has exceeded 1 trillion 16 billion

Kathmandu. A total of 1 trillion 16 billion 71 crore 89 lakh 50 thousand 525 rupees has been contributed to the social security fund. The contribution amount has been collected till the end of June of the financial year 2082/83. Listed Employers a...

The euro and pound fell, while the Australian dollar and Bahraini dinar rose

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Friday. Today, while the exchange rate of the US dollar and the Kuwaiti dinar remained stable, currencies including the Bahraini dinar and the Australian dolla...

Exchange rate: The price of dollar, euro and pound has increased, which currency is being bought and sold in how much?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 151 rupees 56 paisa and the selling rate is 152 rupees 16 paisa.

Similarl...

In the implementation of revised procedures related to concessional loan interest subsidy

Kathmandu. The government has implemented a new procedure with the aim of making the interest subsidy system provided in subsidized loans more transparent, systematic and effective.

The Ministry of Finance has approved and formally implement...

The value of the US dollar is at an all-time high

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar has risen to its highest point so far. According to the fixe...

National Life’s “Raising the Bar, Redefining Success”: Business Expansion Accompanied by Recognition of Outstanding Branches and Employees

Gorkha. National Life Insurance Company Limited has successfully concluded its four-day Branch Managers Conference at Hotel Manakamana Hillcrest Resort in Manakamana, Gorkha. Organized under the theme “Raising the Bar, Redefining Success,” the con...