Jakarta, CNBC Indonesia - The government has officially agreed on a\nplan to raise the Highest Retail Price (HET) for Minyakita. However, the\namount of the increase and the timing of its implementation are still\nawaiting developments in the price of crude palm oil (CPO), which is\nconsidered to remain volatile.<\/p>\n
Trade Minister Budi Santoso announced that the decision to raise\nMinyakita\u2019s HET was the result of further discussions across ministries\nand agencies, including a previous meeting at the Coordinating Ministry\nfor Food.<\/p>\n
\u201cFollowing up on the previous meeting at the Coordinating Ministry\nfor Food\u2019s office, today we agreed to raise the highest retail price\n(HET) for Minyakita,\u201d Budi said during a press conference at his office\nin Jakarta on Thursday (4\/6\/2026).<\/p>\n
Nonetheless, the government has not yet determined the exact figure\nfor the HET increase, nor its effective date. \u201cIndeed, the price has not\nbeen agreed upon, and the timing for its determination has also not been\ndecided,\u201d he stated.<\/p>\n
Budi said the government is still monitoring the movement of CPO\nprices, one of the main factors in determining Minyakita\u2019s price. The\ncommodity had previously risen before falling again and is now showing\nan upward trend once more.<\/p>\n
\u201cWhy? Because we want to see how CPO prices develop,\u201d he explained.\n\u201cIndeed, CPO prices rose, averaging Rp15,445 per kg recently,\u201d he\nnoted.<\/p>\n
Following that, however, the price experienced a correction. \u201cBut it\nhad recently fallen again to around Rp14,000 per kg, and the price of\nfresh fruit bunches (FFB) had dropped, but now it has started to rise\nagain,\u201d Budi continued.<\/p>\n
Because of this, the government has chosen to wait until the raw\nmaterial price for cooking oil is more stable before determining the\nsize of the Minyakita HET increase. \u201cSo we will monitor until the price\nis stable, after which we will decide the figure for the highest retail\nprice increase for Minyakita,\u201d he said.<\/p>\n
Although there is no official figure yet, the government signalled\nthat a price adjustment could be made in the near future, if market\nconditions are deemed conducive. \u201cYes, so earlier we agreed on that.\nPerhaps within one to two weeks, we can make an adjustment if the price\nof CPO is relatively normal,\u201d he concluded.<\/p>\n
For information, the current Minyakita HET remains priced under the\nprevious regulation, which is Rp15,700 per litre.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/no-longer-rp15-700-government-agrees-to-raise-minyakita-het-but-when-1780558278", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }