InfoSAWIT, JAKARTA – The Indonesian government has agreed to revise the retail price ceiling for MINYAKITA, the country’s people-oriented cooking oil brand, following a comprehensive review of production costs and changing market conditions.
The decision was reached during a ministerial-level food coordination meeting held at the Ministry of Trade in Jakarta on Thursday, June 4, 2026.
Trade Minister Budi Santoso said the adjustment is necessary to reflect the current economic price of cooking oil. However, the magnitude of the increase and the implementation timeline will depend on future movements in crude palm oil (CPO) prices.
“We have agreed in principle to adjust the retail price ceiling for MINYAKITA. The final price and implementation schedule will depend on developments in CPO prices, which we will continue to monitor closely,” Santoso said in an official statement.
According to the minister, the government has completed an extensive evaluation of the cost components that determine cooking oil prices. These include CPO feedstock prices, manufacturing expenses, logistics costs, and packaging materials, all of which have risen since the current price ceiling was introduced.
“The calculations have already been prepared. CPO prices today are significantly different from when the previous ceiling was established. Production, distribution, and packaging costs have also increased, so we need to reassess the economic price level,” he explained.
The government reiterated that MINYAKITA continues to play a strategic role in stabilizing domestic cooking oil prices through Indonesia’s Domestic Market Obligation (DMO) mechanism.
Officials emphasized that MINYAKITA is not a subsidized product and does not rely on state budget funding. Instead, supplies are sourced from domestic market obligations imposed on palm oil industry players to ensure adequate availability for Indonesian consumers.
Authorities also stressed that MINYAKITA distribution must remain focused on traditional and public markets so that consumers continue to benefit from affordable cooking oil prices during periods of volatility in global palm oil markets.
The ministerial coordination meeting was chaired by Zulkifli Hasan and attended by representatives from multiple ministries and state agencies, including the Ministry of Industry, Ministry of Agriculture, National Food Agency, Statistics Indonesia, and other government institutions. (T2)
