HIP BBN Bioethenol November 2024 Pegged At IDR 14,039 Per Liter
JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) through the Directorate General of New, Renewable Energy and Energy Conservation (EBTKE) has set the Price of the Nabati Fuel Index (BBN) for Bioethenol in November 2024 at IDR 14,039 per liter.
"The decision to determine the price of Bioethenol applies as of November 1, 2024," said Head of the Communications, Public Information Services, and Cooperation Bureau of the Ministry of Energy and Mineral Resources, Agus Cahyono Adi, quoted Monday, November 11.
Agus said, there was a decrease in the price of bioethenol by Rp. 105 when compared to the HIP bioethenol in the previous month, namely October 2024 which was Rp. 14,144 per liter.
The calculation of the HIP amount of Bioethenol BBN is calculated with the following formula: HIP= (the price of cane cane KPB averages for a period of 3 months x 4,125 kg/L) + 0.25 US dollars/L.
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The exchange rate used refers to the middle exchange rate of Bank Indonesia during the exchange period from September 15-October 14, 2024, which is IDR 15,348.
Meanwhile, the average price of KPB cane drops on July 15-October 14, 2024 is IDR 2,473 per kg.