Cooking Oil Prices Rise for Six Consecutive Months, Hitting Record High in April 2024
- A Small Font
- A Medium Font
- A Bigger Font
Based on data from the National Food Agency (Bapanas), the price of bulk cooking oil in Indonesia has increased for six consecutive months since November 2023.
By April 2024, the average price had reached Rp15,910 per liter, a 1.3% month-on-month increase and a 6.1% year-on-year increase.
The average price of bulk cooking oil in April 2024 also set a new record high, at least since January 2023.
Amid this upward price trend, Trade Minister Zulkifli Hasan proposed raising the highest retail price (HET) of MinyaKita by Rp1,000 to Rp15,000 per liter.
MinyaKita is a brand of packaged cooking oil owned by the government through the Ministry of Trade.
"Currently, the proposal (to raise the HET of MinyaKita) is still under discussion," said Zulkifli, as reported by *Katadata.co.id* on Monday (May 6, 2024).
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data