Indonesia rolls out palm oil blend amid rising fuel prices
AI Summary
Indonesia has launched a subsidized palm oil-based biodiesel blend in July to curb its reliance on energy imports amid rising fuel prices. This initiative aims to bolster domestic energy security and reduce import costs.
Subsidized palm-based biodiesel was introduced in July with the goal of reducing country’s need for energy imports
Politics Markets Commodities Energy Indonesia palm oil biodiesel energy imports fuel prices subsidy domestic energy