Government to Scrap the Plan of Bulk Cooking Oil Ban

Summary

The Trade Ministry cancels the plan to ban the bulk sales of cooking oil or brandless cooking oil, initially planned to roll in January 2020. Trade Minister Enggartiasto Lukita stated that the bulk cooking oil would not get banned from the market. However, he hoped that the retailers would package their products before selling them.

Enggar said that the decision to lift the ban was to protect middle-to-low enterprises and consumers with low spending power. He also added that either bulk or packaged cooking oil price should not exceed the highest retail price (HET) at Rp11,000 per liter. Enggar also ensured that there would be no market raid to seize the bulk cooking oil from the market.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.