Cooking Oil Prices Soar in Q1 2024, Hitting a New Record High
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Based on data from the National Food Agency (Bapanas), the price of bulk cooking oil in Indonesia increased throughout the first quarter of 2024.
By March 2024, the national average price of bulk cooking oil had reached Rp15,710 per liter, a 3.1% increase compared to the previous month (month-on-month/mom).
This price also increased by 4.9% compared to March 2023 (year-on-year/yoy), setting a new record high for at least the past year.
Below is a list of the 10 provinces with the highest average bulk cooking oil prices on March 31, 2024:
1. West Papua: Rp19,440 per liter
2. Papua: Rp18,420
3. Maluku: Rp18,330
4. West Nusa Tenggara: Rp17,780
5. Southwest Papua: Rp17,720
6. North Sulawesi: Rp17,150
7. South Papua: Rp17,000
8. East Nusa Tenggara: Rp16,860
9. Gorontalo: Rp16,840
10. West Kalimantan: Rp16,810
Here is a list of the 10 provinces with the lowest average bulk cooking oil prices on March 31, 2024:
1. Bangka Belitung Islands: Rp14,360 per liter
2. Riau Islands: Rp14,640
3. West Sulawesi: Rp14,650
4. South Kalimantan: Rp14,660
5. Central Kalimantan: Rp14,790
6. Jambi: Rp14,800
7. Lampung: Rp14,890
8. South Sulawesi: Rp14,960
9. West Sumatra: Rp15,000
10. Banten: Rp15,280
"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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