The Government Has Paid 90 Percent Of Cooking Oil Ratification Debt To Entrepreneurs, 7 Companies Remain

Illustration (Photo: Doc Antara)

JAKARTA - The Ministry of Trade (Kemendag) said that almost 90 percent of the debt for the price difference or the exchange of cooking oil has been paid to entrepreneurs.

"It's almost 90 percent," said the Director General of Domestic Trade at the Ministry of Trade, Moga Simatupang, as reported by ANTARA, Monday, October 7.

Moga menyampaikan saat ini proses pembayaran rafaksi terus berjalan.

He said, there are still seven companies that are still adjusting to the results of the verification from PT Sucofindo.

Moga added that sooner or later the payment of the Rafaction was influenced by producers who agreed with the results of the verification from the surveyor.

"As long as the producer agrees that the verification results from the surveyor will be completed, the problem is that they still have a difference that needs to be adjusted again," said Moga.

It is known, the One Cooking Oil Price Program was launched in January 2022.

Cooking oil producers and the Indonesian Retail Entrepreneurs Association (Aprindo) were tasked with selling cheap cooking oil, at which time the commodity price was very expensive.

Manufacturers are asked to sell cooking oil for IDR 14,000 per liter.

Meanwhile, the price of cooking oil in the market reaches Rp. 17,000 to Rp. 20,000 per liter.

The difference in price or the causation will be paid by the government in accordance with the Regulation of the Minister of Trade (Permendag) Number 3 of 2022.

The government's total debt to cooking oil entrepreneurs reached Rp474 billion, which was paid through funds from the Palm Oil Plantation Fund Management Agency (BPDPKS).