Palm Frying Oil Highest Retail Price (HET) is revoked

Aditya Hartoto
Published 2022년 3월 17일
Through the Ministry of Trade, the Indonesian government has revoked the regulation on the Palm Frying Oil Highest Retail Price (HET) of USD 0.98 per liter. The revocation policy of HET was conveyed by Coordinating Minister for the Economic Airlangga Hartarto after a limited meeting chaired by President Jokowi. Previously, the Minister of Trade stated that with the HET no longer being pegged, it was hoped that cooking oil would be available in the market and not be scarce anymore. After the policy is revoked, other packaged cooking oil prices will adjust to the economic value. So it is expected that with this economic value, palm oil will be available in modern markets and traditional markets.
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