Get Ready! Trade Minister Proposes HET Oilita To Increase To IDR 15,000 Per Liter

TANGERANG - Minister of Trade (Mendag) Zulkifli Hasan proposed that the highest retail price (HET) of bulk cooking oil and cooking oil packaged by the people of Oilita increase by Rp1,000 per liter.

The current price of HET Oilita is IDR 14,000 per liter. So that if it is officially decided the price of Oilita will be IDR 15,000 per liter.

"It was adjusted. I propose to increase by Rp1,000," he said when met at Soekarno-Hatta Airport, Tangerang, Banten, Monday, May 6.

The man who is familiarly called Zulhas said the Rp1,000 price increase was for the cost of packaging Oilita. However, he said this proposal also needed to be discussed across relevant Ministries/Institutions.

"It's being discussed to adjust," he explained.

For your information, the plan to increase the HET of Oilita has been heard since early 2024. In fact, it was originally planned to increase in February. However, it was decided for HET Rp. 14,000 to be maintained.

The Director General of Domestic Trade of the Ministry of Trade (Kemendag) Isy Karim stated that his party had canceled the revision of the Highest Retail Price (HET) of Oilita. He said, the price of HET Oilita remained at Rp. 14,000 per kg to Eid Al-Fitr 2024.

Previously, the Ministry of Trade planned to revise the HET of Oilita after the 2024 election this year.

"There is an issue that there will be an increase in the HET of Oilita. Well, we have said that for now the policy for cooking oil will not increase the benchmark price, at least until after Eid," he said at the Food Supply and Price Security Coordination Meeting Ahead of Fasting and Eid Al-Fitr, at the Kempinski Grand Ballroom, Jakarta, Monday, March 4.

In addition, Isy emphasized that the government has not yet changed the policy of the Domestic Market Obligation (DMO) regulation of cooking oil.

As for the policy set, the amount of DMO 450,000 tons per month is returned to 300,000 tons per month based on the installed capacity according to the Decree of the Director General of Domestic Trade Number 82 of 2022 which is valid in May 2023.

"We have also evaluated this and confirmed it to business actors and associations that the people's cooking oil DMO policy is maintained," said Isy.