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
NEPSE rose by 28.73 points, turnover 6.47 billion
Kathmandu - On the second trading day of the week, NEPSE index increased by 28.73 points to reach 2639.37 points. 6.47 billion rupees were traded when 12.4 million shares of 335 companies were bought and sold. While the share price of 214 companie...
The price of gold increased, how much per tola on Sunday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has gone up by 200 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 297,000 rupees per tola today.
On the other hand, the...
Economic growth is well below target, inflation is improving
Kathmandu. The government has released a new forecast that the economic growth rate of the country will be limited to 3.5 percent, which is much lower than the target. While reviewing the current financial year's budget half-yearly, the government...
The exchange rate of foreign currency, the dollar crossed 152 rupees
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for Wednesday. According to the Central Bank, today the buying rate of one US dollar is 152 rupees 31 paisa and the selling rate is 152 rupees 91 pais...
Nepalis abroad sent 553 billion in three months, an increase of 35.4 percent in remittances
Kathmandu. In the first three months of the current financial year, there has been an increase of 35.4 percent in remittance inflow in July and October. According to the details released by Nepal Rastra Bank, remittanc...
After a week, the stock market fell, the turnover did not increase
Kathmandu. The stock market, which has increased for 6 consecutive trading days, fell by 13.95 points on Wednesday and the NEPSE index fell to 2,712 points. The transaction amount has also decreased from 6.67 billion rupees the previous day to 5.1...



