Indonesian Political, Business & Finance News

MinyaKita Price in Depok Surpasses Rp20,000, Exceeding HET

| | Source: MEDIA_INDONESIA Translated from Indonesian | Regulation
MinyaKita Price in Depok Surpasses Rp20,000, Exceeding HET
Image: MEDIA_INDONESIA

The price of the government’s subsidised cooking oil, MinyaKita, at the Traditional Market in Depok City, West Java, has skyrocketed to Rp20,000 per litre on Thursday (9/4/2026), surpassing the maximum retail price (HET) set by the government, following supply shortages and high demand after Eid al-Fitr.

Based on Ministry of Trade Regulation (Permendag) Number 18 of 2024, the HET for MinyaKita is set at Rp15,700 per litre.

“However, the price at the trader level has broken through to Rp20,000 per litre, which certainly exceeds the HET of Rp15,700 per litre,” said the Head of the Cisalak Market Technical Implementation Unit (UPTD), Budi Haryanto, on Thursday (9/4/2026) afternoon.

Observations on Thursday morning showed that MinyaKita at Cisalak Market was being sold above the HET, with stocks experiencing shortages.

“MinyaKita stock is hard to find at traditional traders due to limited supply from distributors. The information indicates that the main factor causing the increase is the rising price of plastic packaging raw materials due to the situation in the Middle East as well as high demand after Eid al-Fitr,” he said.

Budi stated that the price increase has been reported to the Depok City Government. “Regarding this increase, we have reported it to the Department of Industry and Trade (Disperindag) of Depok City to be forwarded to the Ministry of Trade (Kemendag) for follow-up,” he said.

He added that Kemendag is expected to intervene to maintain supply stability and address price fluctuations in the market. “Traders and buyers hope that distribution returns to normal so that prices stabilise according to the HET of Rp15,700 per litre,” said Budi.

Budi also urged Kemendag to investigate the causes of the subsidised oil distribution shortages and suspects violations in distribution from wholesalers to retailers. “That is why Kemendag needs to conduct inspections and strict supervision as well as increase supply to stabilise prices,” he stated.

Amran, 62, one of the consumers, expressed anxiety over the high price of MinyaKita, which he considers too expensive. “We buyers are anxious about the high price of MinyaKita, the government’s subsidised cooking oil, sold by traders above the HET of Rp20,000 per litre.”

He added that he has no choice but to switch to bulk cooking oil because MinyaKita is expensive and scarce. “The MinyaKita price breaking through Rp20,000 per litre forces us consumers to look for alternatives that are considered more affordable and honest in volume, even though bulk oil sometimes has fluctuating prices,” he emphasised.

The increase in MinyaKita prices occurs partly due to high public interest and demand, especially ahead of Christmas and New Year.

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