MEMR raises May biodiesel price; bioethanol also inches higher
Wednesday, May 6 2026 - 07:58 AM WIB
By Ranuh Rafiani Putri
The Ministry of Energy and Mineral Resources (MEMR) has set higher reference prices (Harga Indeks Pasar/HIP) for biodiesel and bioethanol for May 2026, with both fuels recording increases from the previous month.
In a statement, the ministry’s Directorate General of New and Renewable Energy and Energy Conservation (EBTKE) said the HIP for biodiesel was set at Rp14,917 per litre, excluding transportation costs, effective May 1, 2026.
The figure marks an increase from Rp14,262 per litre in April. The biodiesel pricing formula continues to refer to Presidential Regulation No. 132/2024 on palm oil fund management, with the crude palm oil (CPO) conversion value maintained at US$85 per metric ton.
Read also: MEMR sets higher biodiesel price for April 2026, bioethanol edges up
Transportation costs will be applied separately in accordance with prevailing regulations under the latest ministerial guidelines.
Meanwhile, the HIP for bioethanol was set at Rp7,992 per litre for May 2026, up slightly from Rp7,957 per litre in April.
The bioethanol pricing mechanism refers to Ministerial Decree No. 6034K/12/MEM/2016 on the market index price for biofuels blended into fuel.
Indonesia reviews biodiesel and bioethanol reference prices on a monthly basis as part of efforts to support renewable energy development, stabilise domestic fuel prices and reduce dependence on fossil fuels through its mandatory biofuel blending programme.
Editing by Reiner Simanjuntak