Minyakita Prices Increased Over the Past 3 Months, Reaching Their Highest Point in April 2024

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Adi Ahdiat 07/05/2024 16:41 WIB

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According to data from the Ministry of Trade, the average national price of MinyaKita increased during February-April 2024.

National Average Minyakita Price per Month (February-April 2024)*

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Minyakita Prices Increased Over the Past 3 Months, Reaching Their Highest Point in April 2024

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National Average Minyakita Price per Month (February-April 2024)*

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MinyaKita is a simple packaged cooking oil brand owned by the Indonesian government through the Ministry of Trade.

The government sets the highest retail price (HET) for MinyaKita at Rp14,000 per liter. However, its selling price in the market has now exceeded that benchmark.

Based on data from the Ministry of Trade's Market and Basic Needs Monitoring System (SP2KP), the price of MinyaKita has been steadily increasing for at least the last three months, as price data is only available from February 2024.

In February 2024, the national average price of MinyaKita reached Rp15,500 per liter.

Then in March 2024, the average price increased to Rp15,700 per liter, and rose again to Rp15,900 per liter in April 2024.

Cumulatively, during February-April 2024, the national average price of MinyaKita has increased by 2.6%.

The national average price of MinyaKita in April 2024 was also 13.6% higher than the HET.

Amid this upward price trend, Trade Minister Zulkifli Hasan proposed increasing the HET of MinyaKita by Rp1,000 to Rp15,000 per liter.

"Currently, the proposal (to increase the HET of MinyaKita) is still under discussion," said Zulkifli, as reported by *Katadata.co.id*, Monday (6/5/2024).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Minyakita Prices Increased Over the Past 3 Months, Reaching Their Highest Point in April 2024

Minyakita Prices Increased Over the Past 3 Months, Reaching Their Highest Point in April 2024

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Minyakita Prices Increased Over the Past 3 Months, Reaching Their Highest Point in April 2024

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