In Indonesia, Reuters reports that the Ministry of Energy announced nearly 6.2 billion liters of biodiesel will be allotted for blending during 2019 via 18 fuel distributors that will then blend and retail the fuel onto consumers to comply with the new B20 mandate. The country recently boosted its mandate to 20% from 15% in an effort to boost demand for domestic palm oil as well as to reduce the drain on FX petroleum imports have had on the country’s trade balance that also led to devaluation of its currency.
Category: Fuels