Ahead Of Ramadhan, Sinarmas Group's Company Owned By Conglomerate Eka Tjipta Widjaja, Began Distributing Bulk Cooking Oil Of IDR 14,000 Per Liter

JAKARTA - Oil palm plantation and processing company PT Sinar Mas Agro Resources and Technology Tbk (SMAR) ensures that it will maintain maximum production to ensure the availability of bulk cooking oil. The company owned by the conglomerate Eka Tjipta Widjaja has also started distributing bulk cooking oil according to the latest HET of IDR 14,000 per liter.

Corporate Affairs Director of Sinar Mas Agribusiness and Food Harry Hanawi said Sinar Mas still maintains maximum production from capacity so that the availability of bulk cooking oil meets market demand. It is estimated that the demand for cooking oil will remain high before and until Ramadan.

"In collaboration with relevant stakeholders such as the Ministry of Industry, Ministry of Trade, BPDPKS, and distributors, the company is committed to providing bulk cooking oil at a price of IDR 14,000 per liter and ensuring that consumers are entitled to quality cooking oil for daily consumption, especially ahead of Ramadan," said Harry in an official statement, quoted Monday, March 21.

He said Sinar Mas had continued to distribute bulk cooking oil with a HET of IDR 14,000 per liter, as regulated in Permendag No. 11/2022. The determination of the new HET for bulk cooking oil is in line with the revocation of the DMO and DPO policies for palm oil.

The government decided to return to the cooking oil subsidy scheme using BPDPKS. The subsidy will only target bulk cooking oil, while packaged cooking oil is sold following the market price. A total of 500 tons of bulk cooking oil have been distributed by SMAR to distributors and shops in East and West Java.

The distribution of bulk cooking oil is planned to be expanded to various other areas in Indonesia, such as North Sumatra, Riau, Lampung, Central Java, South Sulawesi and South Kalimantan.

"This distribution is the company's support for the government's efforts to ensure the availability of bulk cooking oil for the community, especially ahead of Ramadan," said Harry.