JAKARTA - The government set the Reference Coal Price (HBA) for the second period, not July, at 97.65 US dollars per ton.

The determination of the HBA is regulated in the Decree of the Minister of Energy and Mineral Resources Number 72 of 2025 concerning Guidelines for Determination of Patokan Prices for Sales of Metal and Coal Mineral Commodities.

The HBA calculation formula is regulated in accordance with the Minister of Energy and Mineral Resources Decree Number 72 of 2025 concerning Guidelines for Determination of Patokan Prices for Sales of Metal and Coal Mineral Commodities.

In the Decree of the Minister of Energy and Mineral Resources Number 72 of 2025, there are four types of HBA based on the value of coal calories, namely HBA for the equality of the value of 6,322 kcal/kg GAR calories, HBA II for the equality of the value of calories 4,100 kcal/kg GAR, and HBA III for the equality of the value of calories of 3,400 kcal/kg GAR.

The HBA, HBA I, HBA II, and HBA III values for the second period of July 2025 that apply are as follows:


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