President Jokowi finally down the mountain and issued the ultimate move to tame the price cooking oil for more than half a year this was out of control. The tactic he issued was to completely forbid export cooking oil and cooking oil raw materials.
The ban is effective Thursday (28/4). Jokowi said the decision was taken so that the domestic supply of cooking oil could be abundant again.
With that he hopes the price of cooking oil can be cheap again.
“In the meeting I decided to ban the export of raw materials for cooking oil and cooking oil starting Thursday, April 28, 2022 until the specified time limit,” he said Friday (22/4).
The price of oil has skyrocketed since August 2021, from initially only Rp. 14,000 per liter to Rp. 20,000. In fact, the government has issued many policies to overcome the spike in cooking oil prices.
Firstlaunched simple packaged cooking oil of Rp. 14 thousand per liter in retail and traditional markets in stages from January to June 2022. The total cooking oil disbursed was Rp. 2.4 billion liters.
To provide this cooking oil, the government disbursed a subsidy of Rp. 7.6 trillion, which was taken from oil palm plantation funds.
Second, imposes an obligation for producers to supply domestic cooking oil (DMO) of 20 percent of their total export volume at domestic prices (DPO) starting January 27 last. With this policy, the highest retail price is set to three.
That is; bulk cooking oil Rp11,500 per liter, simple packaged cooking oil Rp13,500 per liter, packaged cooking oil Rp14 thousand per liter. Prices take effect February 1, 2022.
Even though the government has been head over heels in controlling the price of cooking oil, the opposite has happened; a new problem arose. For the one-price policy of Rp. 14 thousand, the Director General of Domestic Trade at the Ministry of Trade, Oke Nurwan, said that the policy made people attack cooking oil in retail.
As a result, cooking oil becomes scarce in the market. Even so with the DMO and DPO policies.
Because it was not effective, the government then issued a new policy; revoke the highest retail price of premium cooking oil and submit the price to the market mechanism and raise the highest retail price of bulk cooking oil to Rp14 thousand per liter.
After the policy was issued, the price of packaged cooking oil shot up to around Rp. 25,000 per liter. The same goes for bulk cooking oil. Although the HET has been set at IDR 14 thousand per kg, until now the price of bulk cooking oil is still above IDR 22 thousand per liter.
(uli / agt)
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