JAKARTA - The price of cooking oil in the country has increased along with the surge in the cost of plastic packaging triggered by the rise in global energy prices.
The Executive Director of the Palm Oil Agribusiness Strategic Policy Institute (PASPI), Tungkot Sipayung, revealed that conflicts in the Middle East involving the United States, Israel, and Iran have pushed fossil energy prices to soar significantly.
"The price of world fossil energy has increased from around US$60 per barrel before the war to more than US$110 per barrel. As a result, all fossil energy derivatives such as plastics have also increased," he said in a statement to the media, Thursday, April 23.
This increase in energy prices is exacerbated by the closure of the Strait of Hormuz, which disrupts global supply chains, thus having a direct impact on the packaging industry, including plastic for cooking oil.
Data shows that the price of premium palm oil (MGS) rose from Rp21,166 per liter in January 2026 to Rp21,793 per liter in the third week of April 2026.
Meanwhile, bulk cooking oil rose from Rp17,790 to Rp19,486 per liter.
Interestingly, the price of subsidized MinyaKita cooking oil has actually dropped from Rp16,865 to Rp15,949 per liter, approaching the highest retail price (HET) of Rp15,700 per liter.
According to Tungkot, this condition shows that the government's domestic market obligation (DMO) policy is quite effective in maintaining price stability in certain segments.
However, he reminded, the cost pressure from the packaging side could be a challenge in the future.
"In the future, whether the price of Minyakita can survive depends very much on the government's policy in adjusting the HET to the increase in production costs," he explained.
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