Government Guarantees Market Traders Can Still Profit

The Director General of Domestic Trade at the Ministry of Trade, Oke Nurwan, said that one price cooking oil for people's or traditional markets will be distributed by partner distributors of cooking oil producers starting January 26, 2022.

Currently, the registration and verification process for distributors is ongoing, while producers produce oil. fry. Cooking oil from the producer is set to arrive in the hands of the distributor at a price of Rp 12,500 per liter. With the highest retail price (HET) of cooking oil at Rp. 14,000 per liter, there is still room for profit for distributors and market traders. "So there is still room for market traders to make a profit of around Rp. 500 per liter to Rp. 1,000 per liter. The profit also depends on the amount of margin taken by the distributor," said Oke when contacted in Jakarta, Monday (24/1/2022). For the supply of cooking oil at one price in traditional markets in remote areas, continued Oke, distributors will receive compensation for transportation or delivery costs from the government. Just like the one-price cooking oil subsidy, the reimbursement for shipping costs also comes from the Palm Oil Plantation Fund Management Agency (BPDPKS), which is allocated Rp 7.6 trillion. "For market traders who already have old stock, they can ask the distributor to return the cooking oil," he said. In the past week, the one-price cooking oil policy has been implemented in modern stores and retail outlets. Furthermore, it will be rolled out to traditional markets. Within a week of the implementation of the policy, the price of cooking oil in the market was still high.

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