TEMPO.CO, Jakarta - Trade Minister Budi Santoso announced that the government will officially raise the maximum retail price (HET) of Minyakita in less than a month. Budi explained that the adjustment to the subsidized cooking oil’s HET was decided after carefully evaluating fluctuating raw material costs and rising production expenses.
"We have agreed to raise the maximum retail price for Minyakita," Budi said at the Ministry of Trade office on Thursday, June 4, 2026. He noted that the exact price hike will be finalized once crude palm oil (CPO) prices show signs of stabilizing.
Budi points out that the government cannot immediately pin down the exact figure for the price adjustment due to the fluctuation of CPO prices. Recently, the price of CPO hovered around Rp15,445 per kilogram, only to plunge to roughly Rp14,000 per kilogram yesterday.
Detailing the impact of these market fluctuations, Budi stated that actual production costs have exceeded current retail prices. He recalled that when Minyakita’s price was pegged at Rp15,700 per liter back in 2024, CPO was trading at just around Rp12,400 per kilogram. Today, however, the cost of raw CPO has virtually caught up with what consumers pay for the finished product. "This means there is a loss, so we are calculating the economic price," he explained.
Minyakita was introduced as an affordable cooking oil program by the Ministry of Trade in the second half of 2022. At the time, the brand served as a solution to curb skyrocketing cooking oil prices during a severe domestic supply crisis.
When the program first launched, the Trade Minister at the time, Zulkifli Hasan, set Minyakita's maximum retail price at a modest Rp14,000 per liter.
Minyakita operates under a framework requiring CPO producers and exporters to supply a portion of their yield to the local market through the Domestic Market Obligation (DMO) scheme. The trade policies governing Minyakita and the cooking oil DMO have already undergone two major revisions, spanning from the Jokowi administration to the current Prabowo government.
Read: Indonesia's Palm Oil Firms Await New Export Regulation Details
Click here to get the latest news updates from Tempo on Google News
Indonesia's Trade Minister Explains Plan to Raise Price of Subsidized Cooking Oil
31 hari lalu
The Minister of Trade stated that the increase in the price of MinyaKita subsidized cooking oil was triggered by soaring crude palm oil (CPO) prices.
Minister: Plastic Shortage Lifts Cooking Oil Prices in Indonesia
48 hari lalu
Despite the price increase, Trade Minister Budi Santoso assured that cooking oil supply remains sufficient.
Indonesia's Trade Minister Rejects Claims of Cooking Oil Shortage
48 hari lalu
Minister of Trade Budi Santoso stated that the limited supply of Minyakita in the market does not indicate a shortage of cooking oil.
AGO Searches Ombudsman Office in Cooking Oil Corruption Probe
10 Maret 2026
Attorney General's Office (AGO) searched the Indonesian Ombudsman building in connection with cooking oil corruption case.
Indonesian Gov't to Deliver 34 Tons of Rice Aid for Sumatra Flood Victims
28 November 2025
Gpvernment will distribute rice and cooking oil to flood-hit areas across Sumatra, following days of severe weather that inundated multiple province.
Indonesia Denies B50 Biodiesel Plan Could Trigger Cooking Oil Shortage
28 Oktober 2025
Minister of Energy and Mineral Resources Bahlil Lahadalia denies the issue of cooking oil scarcity as the B50 biodiesel program rolls out.
Indonesia to Blend 1% Waste Cooking Oil in Aviation Fuel to Avoid Carbon Tax
24 Oktober 2025
The Ministry of Transportation aims for Indonesia to include at least 1% waste cooking oil in aviation fuel to avoid carbon tax penalties.
Indonesia's Alfamart Invests Rp16.2 Billion in Used Cooking Oil Recycling Firm
9 Juli 2025
Corporate Secretary Alfamart Tomin Widian stated that the purchase is related to the investment agreement with Nooveleum Indonesia.
Indonesian Student Wins Global Youth Summit for Cooking Oil Waste Innovation
26 April 2025
Indonesian student Mochammad Afzal Iftikharus Sadat Ramadhan and team placed 2nd in the Global Youth Innovation Summit for recycling used cooking oil.
Wilmar Employee Named Bribery Suspect Related to Palm Oil Graft Case
17 April 2025
The AGO named a Wilmar employee as a new suspect in the bribery case linked to the lenient verdict in the crude palm oil (CPO) export corruption trial
