The Slippery Price of Cooking Oil

The low price program switches from targeting packaged cooking oil to bulk cooking oil. This is repeating a mistaken policy.

Tempo

April 4, 2022

THE government must revoke the setting of maximum retail price and subsidies for bulk cooking oil. This price control policy is not only a waste of money, but also has the potential to cause new problems no less complex.

The failure of the cooking oil maximum retail price (HET) and subsidy policy should have served as a lesson. Packaged cooking oil immediately disappeared from supermarkets when the trade ministry began the low pri

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