Vendors Sell Minyakita at Higher Price because of Scarcity

Translator

Mahinda Arkyasa

4 February 2023 02:35 WIB

TEMPO.CO, Jakarta - Government-produced cooking oil Minyakita, is becoming harder and harder to find in Depok, West Java. Any remaining stock of cooking oil is being sold at more expensive than the highest retail price determined by the government, which is Rp14,000.

Lina Vindiyawati, a shop owner in Depok Jaya Market said that she sells Minyakita at a price of Rp16,000 because it is hard to find more stock.

"One box of 12 1-liter packs now costs Rp170,000," Lina said on Friday, February 3, 2023.

Lina said that she had been selling Minyakita for two months. However, she cannot sell it at a price recommended by the government because she will not gain profits. "Well, if a buyer bargained for Rp15,000, we sold it anyway," Lina explained.

Meanwhile, Toko Tomo, a store also in Depok, had not been selling the cooking oil for two weeks. "Since early January, it is hard [to get stocks]. One store is only provided with one or two [packs], no more than that," said Putri, who runs the store.

Putri explained that she can get more stocks, but the price offered is more expensive and she refused to sell the oil above the highest retail price determined by the government. "We sell it according to the highest retail price, exactly as it is stated in the packaging," Putri said.

Putri added that consumers prefers to buy Minyakita because it is cheaper compared to other brands and the quality is similar with other brands. "If there is one box, it will immediately sell out," Putri said.

Another vendor, Wasroni, said that he has been selling Minyakita at a price of Rp15,500 per liter, and Rp31,000 for a 2-liter pack. "The goods are scarce, one box cost Rp178,000. Whereas, many people are looking for it and it quickly sold out. What's available now are leftovers we misplaced earlier," Roni explained.

RICKY JULIANSYAH

Click here to get the latest news updates from Tempo in Google News



Depok Health Agency Sets 1,142 Smoke-Free Zones

21 jam lalu

Depok Health Agency Sets 1,142 Smoke-Free Zones

The Depok government is determined to provide guidance to seven non-smoking areas (KTR) in the city.


Depok Immigration Deports Iranian National for Overstay

4 hari lalu

Depok Immigration Deports Iranian National for Overstay

Depok Immigration Office arrests a foreign national for violating immigration regulations.


Depok Metro Police Anticipates Food Hoarding as Ramadhan Draws Near

7 hari lalu

Depok Metro Police Anticipates Food Hoarding as Ramadhan Draws Near

Depok Metro Police are actively monitoring the market for indications of food hoarding by vendors as the holy month of Ramadan draws near.


B35 Policy Contributes to Rise in CPO Reference Prices

22 hari lalu

B35 Policy Contributes to Rise in CPO Reference Prices

Trade Ministry announced that the reference price for crude palm oil (CPO) products (March 1-15) had increased to US$889.77/ metric ton.


Market Traders Note Price Hike in Basic Commodities Ahead of Ramadan

29 hari lalu

Market Traders Note Price Hike in Basic Commodities Ahead of Ramadan

The Indonesian Market Traders Association records increasing prices of several basic commodities ahead of the fasting month of Ramadan.


Palm Oil Producers Only Reach 43.56 Percent of DMO Target

31 hari lalu

Palm Oil Producers Only Reach 43.56 Percent of DMO Target

The palm oil domestic obligation market (DMO) realization had only reached half of its intended goal.


KPPU Talks About Hoarding of Cooking Oil Minyakita, Shortage in Markets

32 hari lalu

KPPU Talks About Hoarding of Cooking Oil Minyakita, Shortage in Markets

KPPU chairperson M Afif Hasbullah revealed a number of findings of hoarding of bulk cooking oil in simple packaging dubbed Minyakita.


Child with Autism Clamped Down by Therapist, Police Initiates Inquiry

37 hari lalu

Child with Autism Clamped Down by Therapist, Police Initiates Inquiry

Police stated that there is indeed an alleged act of violence in the viral video that showed a child with autism being clamped down by a therapist.


Minister Airlangga Claims B35 Biodiesel Saves US$10.75bn in Foreign Exchange

52 hari lalu

Minister Airlangga Claims B35 Biodiesel Saves US$10.75bn in Foreign Exchange

Coordinating Minister Airlangga Hartarto says the implementation of the B35 biodiesel policy would save up to US$10.75 billion in foreign exchange.


Govt to Supply 450,000 Tons Cooking Oil Monthly Until April

53 hari lalu

Govt to Supply 450,000 Tons Cooking Oil Monthly Until April

Govt will increase the supply of packaged and bulk cooking oil to 450,000 tons per month in the February-April 2023 period