Indonesia's state-owned refiner Pertamina issued posted bunker prices for 40pc biodiesel blend (B40) for the first time on 6 January, in line with the country's mandate.
Pertamina issued B40 prices today for five locations — Jakarta, Benoa, Surabaya, Balikpapan and Batam. They are effective for the first two weeks of January.
The prices issued by Pertamina are for a blend of 500ppm (0.05pc) sulphur marine gasoil (MGO) and palm oil-based biodiesel.
Prices were posted at $1,103/t for the port of Jakarta, $1,085/t for Benoa, $1,049/t for Surabaya, $1,087/t for Balikpapan and $910/t for Batam.
Indonesia's biodiesel sector has been preparing for the transition from B35 to B40 on 1 January. Biodiesel producers have been given until the end of February to make the transition to B40 blends for all sectors.
Pertamina produces three kinds of MGO at its refineries, two grades with 500ppm sulphur content and a third grade with 50ppm.
