PTPN PalmCo Keeps Minyakita Prices Aligned with HET Ahead of Idul Fitri
Jakarta (ANTARA) - Subholding PT Perkebunan Nusantara (PTPN) III (Persero), PTPN IV PalmCo, ensures that the rakyat Minyakita cooking oil price at distributor level remains below the government’s Harga Eceran Tertinggi (HET) to stabilise prices during Ramadan up to just before Idul Fitri 1447 H.
Chief Executive Officer Jatmiko K. Santosa of PTPN IV PalmCo said the group’s subsidiary, PT Industri Nabati Lestari (INL), sells Minyakita to distributors at around Rp13,439 per litre.
“As a state-owned enterprise operating in the palm oil industry, we have a responsibility to ensure that the public can observe fasting through Idul Fitri without bearing a surge in cooking oil prices,” Jatmiko said in Jakarta on Sunday.
He added that the measure follows government instructions to maintain the stability of rakyat cooking oil prices in the market.
Jatmiko explained that the price of Rp13,439 per litre is the price for sale to distributor partners on a business-to-business (B2B) basis, not the direct consumer price at the market.
According to him, the margin given to distributors is expected to keep cooking oil prices in line with the government’s HET of Rp15,700 per litre when it reaches consumers.
“In response to the firmness of the Minister of Agriculture, we consistently implement rational selling prices upstream to break the chain of price anomalies,” he said.
Earlier, Minister of Agriculture Andi Amran Sulaiman highlighted anomalies in domestic cooking oil prices after finding Minyakita sold above the HET during a sudden inspection at Kebayoran Market in Jakarta.
Amran stressed that rakyat cooking oil must not be expensive, considering Indonesia is the world’s largest palm oil producer.
BPS data also show that Indonesia’s export value of crude palm oil (CPO) and its derivatives during January–December 2025 reached around USD 24.42 billion, up 21.83 percent from the previous year.
In addition to price stability, PalmCo is increasing production capacity to ensure cooking oil supply remains available during peak Ramadan consumption up to Eid al-Fitr.
The company’s CPO production is targeted to rise by more than 10.5 percent to around 225,940 tonnes in April 2026, while INL’s retail cooking oil production is projected to reach around 4.2 million litres in March and rise to more than 4.55 million litres in April.
“All our factory production capacity is currently fully focused on Minyakita, even if it means temporarily delaying production of several internal commercial brands,” Jatmiko said.
This step is expected to maintain rakyat cooking oil availability in the market while ensuring prices remain affordable for the public during Ramadan up to Idul Fitri.