Good News From Erick Thohir, State-Owned Enterprises PTPN Encouraged To Be A Solution For Availability Of Cooking Oil

SOE Minister Erick Thohir. (photo: Doc. Antara)

JAKARTA - The Minister of State-Owned Enterprises (BUMN), Erick Thohir ensured that Holding Perkebunan Nusantara or PT Perkebunan Nusantara (Persero) Group was the solution in the midst of high prices and scarce cooking oil in the market.

As is known, since the end of 2021 cooking oil has experienced a spike in prices. The government also decided to issue a cooking oil policy of one price, namely Rp. 14,000 per liter. However, the scarcity of cooking oil actually occurred after the policy was implemented.

Erick noted that the production level of PTPN Group in the palm oil industry only reached 6 percent. However, said Erick, the Ministry of SOEs will initiate so that people can still get cooking oil on the market.

One of them is by distributing a quarter of the production for the availability of cooking oil for the community.

"The total production of PTPN in the palm oil industry is only 6 percent. But we still go down to try to help the community. Because it's a quarter of production, this time we encourage you to participate in helping the availability of cooking oil in the community," he said, quoted from his Instagram @ Erickthohir, Monday 21 February.

In addition, Erick emphasized that all the capabilities of BUMN will be mobilized as a solution to the problems that are currently happening in the community.

As is known, PTPN Group will dedicate around 750,000 liters per month for 5 months to support the cheap cooking oil program of Rp. 14,000 per liter throughout Indonesia. Holding Perkebunan Nusantara has also started operating the affordable cooking oil market in Cianjur, West Java at the end of last week.

Then, PTPN III resumed its 2022 retail cooking oil market activities under the Nusakita brand. This activity is to meet the need for cooking oil consumption at affordable prices and maintain oil price stability this year.

Market operations were carried out in Cianjur square and Kebun Gedeh PTPN VIII and provided 834 cartons of cooking oil or the equivalent of 10,008 liters at a price of Rp. 14,000 per liter. The cheap oil market is held with the mechanism of cost difference with the selling price being the burden of PTPN Group which is taken from Corporate Social Responsibility (CSR) funds.

Erick also appreciated PTPN III's initiative to carry out retail cooking oil market activities in 2022 under the Nusakita brand.