JAKARTA: Indonesia is likely to delay plans to raise bio-content in palm oil-based biodiesel to 40%, and keep going with an already ambitious 30% content, a senior official said, amid speculation that low crude prices could force a government re-think.
The biodiesel programme is a key part of the government's strategy to soak up excess supplies of palm oil and curb expensive fuel imports, one of the main contributors to the country's current account deficit problem.
"It will not be a single policy, but there will be several policies that are interrelated to one another," Machmud said. "We were preparing for B40, but the current situation is not conducive for investment in processing B40," she said."B40 will be delayed to 2022." Indonesia reported its first COVID-19 cases early in March and since then many areas, including the capital Jakarta, has imposed movement restrictions.
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