Trade Minister Zulhas Proposes An Increase In Oilita's HET Price To IDR 15,500 Per Liter

Minister of Trade (Mendag) Zulkifli Hasan. (Photo: Doc. Ministry of Trade)

JAKARTA - The Minister of Trade (Mendag) Zulkifli Hasan revealed that his party would propose an increase in the highest retail price (HET) of IDR 1,500 per liter in a meeting with the Coordinating Ministry for Economic Affairs.

The man who is familiarly called Zulhas said that with the proposed increase, in the future, Oilita will be priced at IDR 15,500 per liter.

Meanwhile, the price of Oilita is priced at IDR 14,000 per liter. This price has survived since it was first set in 2022.

"If there is a meeting at the Coordinating Minister, there will be an invitation later, I will propose it. I will propose Rp. 1,500 per liter. The proposal is Rp. 15,500, the proposal," he told reporters, in Jakarta, Tuesday, May 28.

According to Zulhas, it is time for the HET of Oilita to be revised and raised. Given, that the price is no longer in accordance with the production price.

"It's time to go up," he said.

Previously, it was reported that the Director General of Domestic Trade at the Ministry of Trade, Isy Karim, said that the HET Minya Kita evaluation process 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, said Isy, there will be a harmonization process. Therefore, this evaluation process was carried out before last Ramadan.