The North Sumatran State Logistics Agency (BULOG) Still Prepares Cooking Oil Stock Even Though There Is No Assignment

Illustration. (Photo: Doc. Antara)

JAKARTA - The North Sumatran State Logistics Agency (BULOG) continues to prepare cooking oil stocks even though it has not received an assignment amid the fluctuating prices of these commodities.

North Sumatra Regional Head, North Sumatra BULOG, Arif Mandu, said that until this week his party still had cooking oil in stock. There are 9,099 liters in stock and it continues to be poured into the market to meet consumer needs.

"The policy for preparing cooking oil stocks is the responsibility of a state-owned enterprise to help control prices," he said, quoted from Antara, Saturday, August 20.

The price of bulk and premium cooking oil in North Sumatra is still fluctuating.

"The government is still working hard to stabilize the price of cooking oil, which rises as a result of the increase in the price of raw materials in the form of CPO," he said.

The Head of Domestic Trade at the North Sumatra Industry and Trade Office, Barita Sihite, also said that cooking oil prices are still fluctuating.

The price of bulk cooking oil on August 18, 2022 was an average of Rp. 13,601 from Rp. 13,666 per liter on August 17. There has been a slight decrease in bulk prices though.

On the other hand, the price of premium cooking oil rose to Rp23,674 from the previous Rp23,400 per liter.

"Although the trend is still strong, the price of premium quality oil has decreased compared to the initial soaring price," he said.

The North Sumatra Provincial Government continues to make various efforts to stabilize prices or meet the needs of people's cooking oil at affordable prices, such as holding a cheap market.