Govt to disburse Rp 300,000 in cash aid for cooking oil

Aid will be provided to 20.5 million families…

Jakarta (ANTARA) – The government will provide a total of Rp300,000 in cash assistance to 20.5 million families and 2.5 million street vendors to help ease their burden due to rising food prices. cooking oil.

“We will provide aid of Rp 100,000 every month. The government will provide the aid for three months, which will be paid in advance in April 2022,” President Joko Widodo (Jokowi) said in a video broadcast on the channel. YouTube of the presidential secretariat on Friday.

The aid has been provided since the price of cooking oil has risen dramatically following the surge in international palm oil prices, he added.

The aid will be granted to people registered as recipients of government social assistance.

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“Assistance will be provided to 20.5 million families who are included as beneficiaries of Non-cash Food Assistance (BPNT) and Family Hope Program (PKH) as well as 2.5 million vendors street vendors selling fried food,” the president informed.

He also asked the ministries and institutions concerned, including the Ministry of Finance, the Ministry of Social Affairs, the army, as well as the police, to coordinate the distribution of aid.

Previously, the Regulation of the Minister of Commerce number 6 of 2022 concerning the determination of the highest retail price of palm cooking oil, published on January 27, 2022, fixed the highest retail price of palm oil. Bulk cooking at Rp 11,500 per litre, simple packaged cooking oil at Rp 13,500/litre and premium packaged cooking oil at Rp 14,000/litre.

Commerce Minister Muhammad Lutfi had determined in February 2022 that oil stocks in three major cities in Indonesia – Medan (North Sumatra province), Surabaya (East Java province) and Jakarta – were scarce.

Thus, the government revoked the regulation on March 17, 2022 and set the price of bulk cooking oil at Rp 14,000 per liter, or Rp 15,500 per kilogram (kg).

The determined price will be subsidized by the government through the Palm Oil Plantation Fund Management Agency (BPDPKS).

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