Erick Thohir: BUMN Supports Government To Stabilize Cooking Oil Prices And Availability

SOE Minister Erick Thohir (Photo: Antara)

JAKARTA - SOE Minister Erick Thohir said state-owned companies are committed to supporting the government's efforts to stabilize prices and maintain the availability of cooking oil.

"BUMN is committed to supporting the government's efforts to stabilize prices and maintain the availability of cooking oil stocks," said Erick Thohir as quoted from his official Instagram account @erickthohir in Jakarta, reported by Antara, Sunday, April 10.

Erick said that state-owned companies, with all their limitations, are trying to answer the needs of the community.

"PTPN has changed part of its business to produce cooking oil at affordable prices, for the sake of the people. Even though it only owns 4 percent of oil palm land," said Erick.

He appreciated the low-cost market activities carried out by PTPN Group in order to help the community in Lamongan and Sidoarjo, East Java. The SOE Minister also invited private entrepreneurs to jointly solve the current cooking oil problem.

"I knock on the hearts of private entrepreneurs who control most of the Crude palm oil (CPO) industry, to jointly solve the nation's problems. Ease the burden on the community. Don't be a foreigner in your own country," said Erick Thohir.

The government has budgeted Rp 6.95 trillion for direct cash assistance (BLT) for cooking oil which will be given to 23.15 million Beneficiary Families (KPM).

The Director General of Budget at the Ministry of Finance, Isa Rachmatarwata, said that the budgeting process could be carried out faster because the cooking oil BLT program was included as part of the food social assistance program and became one with the Cash Assistance program for Street Vendors, Warung and Fishermen (BT-S). PKLWN).