JAKARTA – A week before the end of the bulk cooking oil subsidy period, there were concerns from traders at Kramat Jati Market, East Jakarta. They are afraid that the subsidy, which ends on May 31, will cause the price of bulk cooking oil to rise.
This concern was expressed by one of the basic food traders at Kramat Jati Market, Masyudah. The 61-year-old man is afraid that the price of bulk cooking oil will soar again and the stock will become scarce again.
"Now I sell it for Rp. 17 thousand to Rp. 18 thousand per kilo. With the removal of the oil subsidy, I am worried that oil will be expensive again, it is already expensive for buyers to find it difficult," said Masyudah, quoting Antara, Wednesday, May 25.
Masyudah added, currently many buyers are switching to bulk cooking oil because the price is considered cheaper than packaged cooking oil.
"Currently, more buyers are switching to bulk cooking oil, because the price of packaged oil is now Rp. 23,000 per liter. Moreover, the content of one kilogram is more than one liter," said Masyudah.
Another basic food trader at Kramat Jati Market, Anwar, said he was worried that the price of bulk cooking oil would spike again, which would burden the local economy.
"If the subsidy is revoked, we will see how much of the goods to buy. Actually, the important thing is that the goods are easy to find, if they are easy to sell, they are easy. But if it is difficult like yesterday, it is expensive," said Anwar.
Previously, the subsidized bulk cooking oil supply program coordinated by the Ministry of Industry (Kemenperin) would stop its implementation on May 31, 2022.
This provision is contained in the Regulation of the Minister of Industry Number 26 of 2022 concerning the Third Amendment to the Minister of Industry Number 8 of 2022 concerning the Provision of Bulk Cooking Oil for the Needs of the Community, Micro Enterprises, and Small Businesses in the Financing Framework for the Fund Management Agency for Palm Oil Plantations (BPDPKS).
"In this regard, business actors can submit an application for payment of bulk cooking oil financing funds by business actors to BPDPKS online through the National Industrial Information System (SIINas) no later than July 31, 2022," said Industry Minister Agus Gumiwang Kartasasmita in a statement. received in Jakarta, Wednesday.
In the context of providing bulk cooking oil and optimizing its distribution for the needs of the community, micro-enterprises, and small businesses, the government changed the rules for providing bulk cooking oil within the framework of financing by BPDPKS, according to the results of the maritime and investment coordination meeting on 19 May 2022.
Furthermore, the Ministry of Industry issued Regulation of the Minister of Industry Number 26 of 2022 concerning the Third Amendment to the Minister of Industry Number 8 of 2022 concerning Provision of Bulk Cooking Oil for the Needs of the Community, Micro Enterprises, and Small Businesses within the Framework for Funding for BPDPKS.
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