Govt gets parliament?s okay to subsidize biofuel
Friday, February 27 2009 - 02:48 AM WIB
Minister of Energy and Mineral Resources Purnomo Yusgiantoro said on Thursday that Parliament?s Energy and Mining Commission had agreed government?s proposal to give RP.831 billion (US$=Rp.11,900) for 2009 calendar year to subsidize biofuel.
Purnomo said that under the subsidy scheme, government will give maximum of Rp.1, 000 per liter to state oil, gas company PT.Pertamina to buy 835,000 kiloliters of biofuel, which will consist of 625,000 kl of bio-diesel and 206,000 kl of bio-ethanol.
Pertamina has been appointed as mandatory buyer for national biofuel production.
Pertamina uses the biofuel as mixture of its subsidized fuel products. (bernard/godang)