JAKARTA - Minister of Trade (Mendag) Zulkifli Hasan said the highest retail price (HET) of people's cooking oil or Minya Kita was time to increase.
"We will indeed discuss it because everything has gone up, we need to increase it," said Zulkifli in Jakarta, quoted from Antara, Monday, May 27.
The Trade Minister said that the change in the HET Minya Kita needed to be made because the HET had been running for two years.
In addition, the HeT MinyaKita currently in effect, which is Rp. 14,000, is considered not to be in accordance with the cost cost of production which continues to change.
Currently, the change in the HET Minya Kita will be held together with the Coordinating Ministry for Economic Affairs. He hopes that he can get the results of this discussion soon.
"Maybe some time left, wait later," he said.
Regarding the number of increases, Zulkifli said that HET was only estimated to be in the range of Rp. 15,000 to Rp. 15,500.
Currently, HET Minya Kita is set at Rp. 14,000 per liter and bulk oil at Rp. 15,500 per kilogram. 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.
Previously, the Ministry of Trade (Kemendag) said that the evaluation of the highest retail price (HET) of people's cooking oil or Minya Kita was expected to be completed before October 2024.
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The Director General of Domestic Trade at the Ministry of Trade, Isy Karim, said that the evaluation process for the Minya Kita HET would be quite long because it involved other relevant ministries and institutions.
Isy said that in the preparation of HET changes, they must follow the provisions of the legislation. This does not prevent the Ministry of Trade from making its own decisions.
After HET changes, there will be a harmonization process. Therefore, this evaluation process was carried out before last Ramadan.
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