The Minister of Trade, Budi Santoso, has stated that the government\nwill increase the maximum retail price (HET) for the people\u2019s cooking\noil, known as Minyakita, within the next two weeks. Speaking after a\nministerial-level food coordination meeting at the Ministry of Trade\noffice in Jakarta on Thursday, Budi confirmed the agreement to adjust\nthe price ceiling.<\/p>\n
Regarding the specific new price, Budi noted that a final consensus\nhas not yet been reached, as the updated HET remains subject to further\ndiscussions between relevant ministries and agencies. The government\u2019s\ndecision to raise the price is being considered in response to recent\nincreases in crude palm oil (CPO) prices.<\/p>\n
Furthermore, the Ministry of Trade is closely monitoring the price of\nfresh fruit bunches (TBS), which has recently experienced a decline.\nBudi emphasised that the new HET will only be finalised once CPO and TBS\nprices have stabilised. The Minister aims to have the new price\nestablished within one to two weeks.<\/p>\n
Currently, the HET for Minyakita is set at Rp15,700 per litre. The\nupcoming adjustment is driven purely by the rising costs of CPO raw\nmaterials and production expenses, which affect the economic viability\nof the subsidized cooking oil. Additionally, the adjustment is being\nmade as the current HET has been in effect for over three years.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/government-agrees-to-increase-maximum-retail-price-for-minyakita-1780832243", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }