{
    "success": true,
    "data": {
        "id": 1714905,
        "msgid": "trade-minister-reveals-reasons-for-plan-to-increase-minyakita-cooking-oil-price-1777824320",
        "date": "2026-05-03 14:15:44",
        "title": "Trade Minister Reveals Reasons for Plan to Increase MinyaKita Cooking Oil Price",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Trade",
        "summary": "Indonesia's Trade Minister Budi Santoso has clarified that the government's plan to raise the maximum retail price (HET) of subsidised MinyaKita cooking oil is driven by surging crude palm oil (CPO) prices, which have increased production costs, rather than supply shortages from biodiesel B50 programmes. CPO prices are projected to rise significantly in 2026 due to Middle East conflicts and high demand for alternative energy, with the current HET of Rp15,700 per litre unchanged since 2023. The adjustment, still under discussion, aims to align prices with market realities and will involve coordination with relevant agencies.",
        "content": "<p>Trade Minister Budi Santoso has emphasised that the government\u2019s plan\nto increase the maximum retail price (HET) of subsidised MinyaKita\ncooking oil is not related to limited CPO supplies due to absorption for\nthe B50 biodiesel programme. According to Budi, the planned increase is\ntriggered by the soaring CPO prices, which impact rising production\ncosts.<\/p>\n<p>\u201cThis is because the CPO price factor is rising, making production\ncosts higher. So we must adjust. Moreover, the MinyaKita HET has been\nunchanged for three years,\u201d Budi said when met at the Ministry of Trade\ncomplex in Jakarta on Sunday, 3 May 2026.<\/p>\n<p>He has not yet specified the amount of the HET increase for the\nsubsidised oil. \u201cIt is still being discussed,\u201d he said.<\/p>\n<p>The price of crude palm oil (CPO), the raw material for cooking oil,\ncontinues to climb due to conflicts in the Middle East. This increase is\ndriven by high demand for CPO as an alternative energy source amid\nelevated crude oil prices.<\/p>\n<p>Indonesia Palm Oil Strategic Studies projects that in the second\nquarter of 2026, global CPO prices will rise from US$1,165 per tonne in\nApril to US$1,440 per tonne, continuing to US$1,701 per tonne in May and\nreaching US$1,783 per tonne in June 2026.<\/p>\n<p>Currently, the MinyaKita HET stands at Rp15,700 per litre. This price\nis regulated under Ministry of Trade Regulation Number 43 of 2025.<\/p>\n<p>The government\u2019s plan to raise the MinyaKita HET first emerged during\na limited coordination meeting at the Coordinating Ministry for Food on\nWednesday, 22 April 2026.<\/p>\n<p>Coordinating Minister for Food Zulkifli Hasan stated at the time that\nthe HET increase plan must involve the Financial and Development\nSupervisory Agency and related institutions. \u201cWe will calculate it\ntogether, and then it will be determined in a special meeting,\u201d said the\nChairman General of the National Mandate Party.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/trade-minister-reveals-reasons-for-plan-to-increase-minyakita-cooking-oil-price-1777824320",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}