New Cooking Oil Regulation Aims to Help Secure Supplies for MSMEs: Minister

22 March 2022 10:29 WIB

The symbol of the handover of the COVID-19 relief aid grant from Astra to the Ministry of Industry of the Republic of Indonesia which was carried out virtually attended by the Minister of Industry of the Republic of Indonesia Agus Gumiwang Kartasasmita, Secretary General of the Ministry of Industry of the Republic of Indonesia Dody Widodo, Director of Astra Gita Tiffani Boer accompanied by the President Director of PT Tjahja Sakti Motor Anton Kumonty and Astra's Chief of Corporate Affairs Riza Deliansyah. (20/8)

TEMPO.CO, Jakarta - Minister of Industry Agus Gumiwang Kartasasmita on Tuesday introduced a new regulation requiring cooking oil industry to secure supplies exclusively for the micro, small, and medium enterprises (MSMEs), which is overseen under the Ministry’s Regulation No.8/2022.

This regulation basically guarantees the supply of cooking oil and helps maintain price stability and affordability for cooking oils sold in bulk. 

“This is the government’s attempt to provide the public with cooking oil and make sure the economy moves through MSMEs,” said Minister Gumiwang in a statement on March 22, Antaranews reported. 

The regulation oversees the distribution mechanism and supervision starting from its production phase up to its distributions, along with ensuring that the general public are presented with options that comply with the pricing upper cap. 

Bulk cooking oil, under the regulation, must be sold to consumers within the price range set by the government, which is between Rp14,000 per liter or Rp15,500 per liter. There are 81 cooking oil companies the government requires to comply with this regulation. 

Read: YLKI Urges Trade Ministry, Police to Investigate Cooking Oil Mafias

ANTARA

Palm Oil Supply Growing But Exports Remain Low, Says GAPKI

1 hari lalu

Palm Oil Supply Growing But Exports Remain Low, Says GAPKI

GAPKI says Indonesia's palm oil product exports in April this year were lower than the same month in 2021 with 2,018 tons from 2,636 tons.


West Jakarta Job Fair Opens in July; 40 Companies Recruiting

1 hari lalu

West Jakarta Job Fair Opens in July; 40 Companies Recruiting

The West Jakarta Administrative City Government will hold a job fair inviting 40 companies in July.


Foot and Mouth Disease; Govt to Compensate Farmers for Death of Livestock

2 hari lalu

Foot and Mouth Disease; Govt to Compensate Farmers for Death of Livestock

The government will grant compensation to farmers for cows infected with foot and mouth disease that are disposed of or forcibly killed.


Trade Ministry to Distribute Rp14,000 Packaged Cooking Oil in Markets

3 hari lalu

Trade Ministry to Distribute Rp14,000 Packaged Cooking Oil in Markets

Trade Minister Zulkifli Hasan announced that the ministry would distribute packaged cooking oil dubbed Minyak Kita priced at Rp14,000 in markets.


AGO Reportedly Probing Former Trade Minister's Role In CPO Fiasco

3 hari lalu

AGO Reportedly Probing Former Trade Minister's Role In CPO Fiasco

AGO summoned Muhammad Lutfi in an investigation of the alleged violation in the crude palm oil (CPO) export permit issuance.


Indonesian AGO Questions Ex Trade Minister Muhammad Lutfi in Cooking Oil Case

3 hari lalu

Indonesian AGO Questions Ex Trade Minister Muhammad Lutfi in Cooking Oil Case

Former Trade Minister Muhammad Lutfi arrived at the Attorney General's Office (AGO) building shortly after 9:00 this morning, 22 June.


Cooking Oil Prices in Serang's Baros Market at Rp14,000, Jokowi Says

8 hari lalu

Cooking Oil Prices in Serang's Baros Market at Rp14,000, Jokowi Says

President Jokowi monitors the price of bulk cooking oil at Baros Market, Serang Regency, Banten today, June 17, 2022.


Newly Appointed Trade Minister Pledges to Solve Cooking Oil Fiasco

10 hari lalu

Newly Appointed Trade Minister Pledges to Solve Cooking Oil Fiasco

Newly appointed Trade Minister Zulkifli Hasan intends to focus on solving the issues related to cooking oil scarcity.


Cooking Oil among Issues Prompting Jokowi's Cabinet Reshuffle

10 hari lalu

Cooking Oil among Issues Prompting Jokowi's Cabinet Reshuffle

Cabinet Secretary says the recent cooking oil price hike and energy crisis were among the issues prompting Jokowi to carry out a Cabinet reshuffle.


Global Food Crisis; Jokowi Recalls PM's Request for Cooking Oil

11 hari lalu

Global Food Crisis; Jokowi Recalls PM's Request for Cooking Oil

President Jokowi highlighted the global food crisis at the opening of the national meeting of the government internal supervisory today, June 14.