8 hours ago
8
March 18, 2025 | 03:58 pm
TEMPO.CO, Jakarta - Indonesia will raise its palm oil export levy to between 4.5% and 10% of the crude palm oil reference price, up from 3% to 7.5%, to finance a mandated increase in the amount of the oil used in biodiesel, a plantation fund official said on Tuesday, March 18, 2025.
Indonesia raised the mandatory amount of palm oil in its biodiesel mix to 40% this year from 35%. It is studying increasing it to 50% in 2026, as well as a 3% blend for jet fuel next year, as it seeks to curb fuel imports.
Kabul Wijayanto, director at the Plantation Fund Agency, which is in charge of collecting and distributing the export levy, said authorities would impose the new rates three days after the regulation is issued.
Wijayanto said the regulation was being processed by the law ministry. The agency was expected to distribute 35.47 trillion rupiah ($2.15 billion) for the biodiesel subsidy this year.
The increase in the crude palm oil levy to 10% from 7.5% was flagged by the government late last year, but has so far not been enacted. More refined palm oil products are charged lower levy rates.
($1 = 16,470 rupiah)
REUTERS
Editor’s Choice: Indonesia's Feb Palm Oil Exports Hit 4-Month High on Tax Cut
Click here to get the latest news updates from Tempo on Google News
Indonesia to Question More than 500 Citizens Freed from Myanmar Scam Centers
44 menit lalu
Myanmar's Myawaddy scam centers are part of a Southeast Asia network involving criminal gangs trafficking hundreds of thousands of people.
Gov't Promises Aid for 400 Scam Victims Arriving in Indonesia from Myanmar
3 jam lalu
The government will provide medical, including psychological, services to aid in the recovery of these online scam victims.
Government to Lift Ban on Sending Indonesian Workers to Saudi Arabia
4 jam lalu
The moratorium on sending Indonesian workers to Saudi Arabia was previously imposed since 2015.
400 Indonesian Victims of Online Scam Exploitation Rescued from Myanmar
6 jam lalu
The 400 Indonesian nationals who fell victim to online scam exploitation consist of 313 men and 87 women. All of them are in good health.
Indonesia's Feb Palm Oil Exports Hit 4-Month High on Tax Cut
20 jam lalu
Indonesia exported 2.06 million metric tons of crude and refined palm oil in February.
World Cup Qualifiers: Garuda Squad to Finalize 23 Players for Australia vs Indonesia Clash
1 hari lalu
The Australia vs Indonesia match will take place in the World Cup 2026 qualifying match at the Sydney Allianz Stadium on Thursday, March 20, 2025.
Indonesian Cruise Ship Celestia Enters Time Magazine's Top 100 Best Places
1 hari lalu
The Celestia cruise ship takes passengers to explore various remote areas in the Indonesian archipelago.
7 Best Resorts in Lombok, Luxury Stays with Private Pools and Beaches
1 hari lalu
Discover the best resorts in Lombok by TripAdvisor, with some featuring private pools and beaches, for your next perfect island escape.
52% of Indonesian Population Will Travel for Eid, Peak on March 28
1 hari lalu
A total of 146.48 million Indonesians are predicted to travel during the 2025 Eid al-Fitr homecoming period.
Cheetos, Lays, Doritos Will Return to Indonesia
2 hari lalu
Cheetos are already available in the market, while Lays and Doritos will follow soon.
