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Price Ceiling Sought To Support Biodiesel

 The government has said it is still working to formulate new biodiesel price caps for companies distributing the product in an effort to extend the outreach of subsidies to those operating outside the public service obligation (PSO) program. The government and industry players are currently discussing proposed price caps for biodiesel distributed under PSO and non-PSO programs, which are expected to stand at a maximum of Rp 4,000 (30 US cents) and Rp 2,000 per liter, respectively. (THE JAKARTA POST)