Cooking Oil Prices Tend to Remain Stable Until the Beginning of the Fourth Quarter of 2023

Based on data from the Ministry of Trade, cooking oil prices in Indonesia have remained relatively stable from the beginning of the year until the beginning of the fourth quarter of 2023.

In October 2023, the national average price of packaged premium cooking oil reached Rp20,696 per liter.

This price is down 0.09% compared to the previous month (month-on-month/mom) and has not experienced significant fluctuations since January 2023.

A similar trend occurred with bulk cooking oil, with the national average price falling 0.14% (mom) to Rp14,444 per liter in October 2023.

Despite the decrease, the price of bulk cooking oil has not changed significantly since the beginning of the year, as shown in the graph.

Although the national average price is quite stable, cooking oil prices at the provincial level vary considerably.

The average price of packaged premium cooking oil per province ranges from Rp17,200 to Rp25,700 per liter.

Meanwhile, the price of bulk cooking oil ranges from Rp12,600 to Rp18,800 per liter.

These figures indicate a significant price disparity across regions.

Here are the 10 provinces with the highest average prices for packaged premium cooking oil in October 2023:

1. Papua: Rp25,764 per liter
2. North Maluku: Rp24,000 per liter
3. West Papua: Rp23,955 per liter
4. West Kalimantan: Rp23,557 per liter
5. North Kalimantan: Rp23,500 per liter
6. Maluku: Rp22,500 per liter
7. East Nusa Tenggara: Rp22,336 per liter
8. Gorontalo: Rp22,000 per liter
9. West Sulawesi: Rp22,000 per liter
10. South Sumatra: Rp21,927 per liter

Here are the 10 provinces with the highest average prices for bulk cooking oil in October 2023:

1. West Papua: Rp18,882 per liter
2. North Maluku: Rp18,727 per liter
3. Papua: Rp16,984 per liter
4. West Nusa Tenggara: Rp15,850 per liter
5. Gorontalo: Rp15,300 per liter
6. Bangka Belitung: Rp15,000 per liter
7. East Kalimantan: Rp14,864 per liter
8. Bali: Rp14,700 per liter
9. Bengkulu: Rp14,443 per liter
10. South Sulawesi: Rp14,434 per liter