FSTJ: New Policy, Cooking Oil Looks Stable

The Ministry of Trade officially revoked the policy of Highest Retail Price (HET) for packaged cooking oil. Through this policy, the packaged cooking oil HET will be handed over to the market mechanism.

For cooking oil, we will adjust to the new regulation

PT Food Station Tjipinang Jaya (FSTJ) had adjusted to the new policy. Therefore, FSTJ would not be selling cooking oil in cheap market activity until an undetermined time.

"For cooking oil, we will adjust to the new regulation," said Pamrihadi Wiraryo the President Director of PT. FSTJ, Friday (3/18).

Pulogadung to Provide Cooking Oil at Rp 10,500 Per Liter This Saturday

In line with the new policy, currently, the cooking oil supply has been circulating in the market. The availability of packaged cooking oil seemed to have stabilized and fill store shelves, both in traditional markets and supermarkets.

"The conditions have stabilized. Products on display are almost full," he added.

Welcoming the National Religious Holiday (HKBN), the FSTJ planned to offer several food security programs. One of them was to provide staple food packages that could be ordered by individuals and business entities.

"We will meet the needs of bazaar organized by related agencies. While staple food packages will be provided because the demand usually increases ahead of the fasting month and Eid ul-Fitri," he conveyed.