No Longer Rp15,700: Government Agrees to Raise Minyakita HET, But When?

Jakarta, CNBC Indonesia - The government has officially agreed on a plan to raise the Highest Retail Price (HET) for Minyakita. However, the amount of the increase and the timing of its implementation are still awaiting developments in the price of crude palm oil (CPO), which is considered to remain volatile.

Trade Minister Budi Santoso announced that the decision to raise Minyakita’s HET was the result of further discussions across ministries and agencies, including a previous meeting at the Coordinating Ministry for Food.

“Following up on the previous meeting at the Coordinating Ministry for Food’s office, today we agreed to raise the highest retail price (HET) for Minyakita,” Budi said during a press conference at his office in Jakarta on Thursday (4/6/2026).

Nonetheless, the government has not yet determined the exact figure for the HET increase, nor its effective date. “Indeed, the price has not been agreed upon, and the timing for its determination has also not been decided,” he stated.

Budi said the government is still monitoring the movement of CPO prices, one of the main factors in determining Minyakita’s price. The commodity had previously risen before falling again and is now showing an upward trend once more.

“Why? Because we want to see how CPO prices develop,” he explained. “Indeed, CPO prices rose, averaging Rp15,445 per kg recently,” he noted.

Following that, however, the price experienced a correction. “But it had recently fallen again to around Rp14,000 per kg, and the price of fresh fruit bunches (FFB) had dropped, but now it has started to rise again,” Budi continued.

Because of this, the government has chosen to wait until the raw material price for cooking oil is more stable before determining the size of the Minyakita HET increase. “So we will monitor until the price is stable, after which we will decide the figure for the highest retail price increase for Minyakita,” he said.

Although there is no official figure yet, the government signalled that a price adjustment could be made in the near future, if market conditions are deemed conducive. “Yes, so earlier we agreed on that. Perhaps within one to two weeks, we can make an adjustment if the price of CPO is relatively normal,” he concluded.

For information, the current Minyakita HET remains priced under the previous regulation, which is Rp15,700 per litre.