Transparency in Determining Cooking Oil Price

The price increase began three months ago as a result of an increase in the price of crude palm oil (CPO) on the international market.

KOMPAS/MACHRADIN WAHYUDI RITONGA

Traders at Cihapit Market, Bandung City, West Java, show a number of packaged cooking oil, Thursday (20/1/2022).

The government has been urged to be transparent in determining cooking oil prices following its decision to provide a subsidy for the sale of the oil to the general public using palm oil export tax revenue.

The government set a retail price ceiling of Rp 14,000 (US$1) per kilogram for all types of cooking oil on Thursday (20/1/2022), following an increase in the market price of cooking oil by some 30 percent.