The government sets policies cooking oil price new packaging. In this policy, cooking oil packaging will be adjusted to the economic price.
With this policy, the determination of the highest retail price (HET) for packaged cooking oil of Rp. 14 thousand will be revoked and submitted to the market mechanism.
Coordinating Minister for the Economy Airlangga Hartarto said this policy was taken from the results of a limited meeting by observing the development of global uncertainty.
The reason is, recently the development of global uncertainty has caused the price of energy and food supplies to rise and become scarce, including the availability of CPO for cooking oil.
“Regarding the price of other packaging, it will adjust the economic value so that it is hoped that palm oil will be available in modern and traditional markets,” said Airlangga, Tuesday (15/3).
He added that apart from this policy, the government will also provide subsidies for bulk cooking oil. However, with this subsidy, the highest retail price of bulk cooking oil was raised from Rp11,500 to Rp14 thousand per liter.
He said that to implement this policy the government had met with cooking oil producers.
During the meeting several results were achieved. Firstthe government asked cooking oil producers to immediately distribute cooking oil to the public.
Secondthe minister of trade will publish the Regulation of the Minister of Trade on the Highest Retail Price (HET) which will take effect on 16 March 2022.
ThirdThe National Police Chief will oversee the distribution and availability of bulk cooking oil in the market.
(dzu/agt)
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