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Managing Cooking Oil

The price of palm oil-based cooking oil is again soaring amid the government’s attempt to fulfill its basic supplies. The causes of the price rise need to be overcome.

By
KOMPAS EDITOR
· 1 menit baca
A distribution agent worker loads jerry cans filled with bulk cooking oil into a truck in the Tanah Abang area, Jakarta, Tuesday (7/11/2023). The government rolled out a number of policies to maintain stability in the supply and price of cooking oil.
KOMPAS/TOTOK WIJAYANTO

A distribution agent worker loads jerry cans filled with bulk cooking oil into a truck in the Tanah Abang area, Jakarta, Tuesday (7/11/2023). The government rolled out a number of policies to maintain stability in the supply and price of cooking oil.

A cooking oil price hike occurred at the end of 2021 up to the first quarter of 2022. The government promptly restricted the export of crude palm oil (CPO) and several derivatives for their diversion to supply the domestic cooking oil industry.

The other policy was the supply of subsidized cooking oil with the brand Minyakita. The retail price ceiling (HET) was fixed at Rp 14,000 per liter. In January and early February 2023, the price of Minyakita was higher than the HET. In several markets it was unavailable.

Editor:
SYAHNAN RANGKUTI
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