Trade Minister Zulhas: HET Oilita IDR 15,700 Per Liter Applicable
JAKARTA - Minister of Trade (Mendag) Zulkifli Hasan said the highest retail price (HET) of people's cooking oil or Minya Kita of Rp. 15,700 per liter was in effect and was immediately promulgated next week.
Zulkifli said that the official regulations regarding HET Minya Kita will be issued through the Regulation of the Minister of Trade (Permendag), which has now finished relaxation.
"The price has been applied at Rp. 15,700, later it will be official, of course there will be a candy," said Zulkifli after inaugurating the Ministry of Trade's Porseni in Jakarta, quoted from Antara, Friday, July 19.
Zulkifli stated, initially HET Minya Kita was proposed at IDR 15,500. However, because the value of the US dollar strengthened, the middle way was chosen at IDR 15,700 per liter.
"There is a calculation from the BPKP (Financial and Development Supervisory Agency), there are those who propose Rp15,500 continue because the dollar goes up to the middle way where Rp15,700 is found," said Zulkifli.
On the same occasion, the Director General of Domestic Trade at the Ministry of Trade, Isy Karim, said that the Minister of Trade regarding HET Minya Kita had been harmonized on Thursday (18/7) night. Furthermore, it will be promulgated at the Ministry of Law and Human Rights.
"Hopefully next week, it's just a matter of waiting for the law," said Isy.
Previously, HET Minya Kita was set at a price of Rp. 14,000 per liter. The regulation is stated in Circular Letter Number 03 of 2023 concerning Guidelines for Sales of People's Cooking Oil issued by the Directorate General of Domestic Trade of the Ministry of Trade.
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With the increase in the price of Minya Kita from Rp. 14,000 to Rp. 15,700, it is still considered that it will be cheaper than premium packaged cooking oil.
The reason for the relaxation of the HeT Minya Kita to Rp15,700 is because the HET of Rp14,000 is considered not to be in accordance with the cost of the cost of production which continues to change.