He also believed that the CPO policy will not automatically bring down the cooking oil prices because the crux of the problem lies on the weak supervision of oil palm producers and distributors.
“Will the price go down? Not necessarily! There is no guarantee that the price will go down if it not accompanied by the Retail Price Ceiling (HET) policy for packaged cooking oil,” explained Bhima.
President Jokowi announced the ban on Friday (22/4) to ensure the availability of cooking oil at affordable prices in the country.