Senin, 17 Desember 2018

Jokowi: B20 Fuel Policy Can Save up to US$5.9 Billion

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  • Indonesian President Joko Widodo a.k.a. Jokowi (Center--white shirt). Image: TEMPO/Subekti. SB20160613.

    Indonesian President Joko Widodo a.k.a. Jokowi (Center--white shirt). Image: TEMPO/Subekti. SB20160613.

    TEMPO.CO, Jakarta - President Joko `Jokowi` Widodo requested the automotive industry to support the government`s attempt upon the implementation of the B20 biodiesel fuel.

    “The implementation of the B20 biodiesel must reach every sector up to consumer’s vehicles. I ask for the utmost support to maximize the domestic production of biodiesel,” said the president in opening the Gaikindo Indonesia International Auto Show (GIIAS) 2018 at the Indonesia Convention Exhibition (ICE) in Tangerang today, August 2.

    The government policy of mixing diesel fuel, locally called solar, with 20 percent biodiesel will be expanded to non-subsidized sector starting from August. The B20 policy has been implemented in the subsidized fuel sector or public service obligation (PSO). 

    To add interest from auto producers, the government will introduce incentives for producers that are interested to sell the biodiesel to the non-PSO sector, which will be stated in a presidential decree.

    If Indonesia successfully implements and expands the B20 policy, the country is due to save up to US$5.9 billion in foreign exchange, which is a third of Indonesia`s transaction balance deficit. 

    ANTARA