Friday, March 29, 2024 | 15:38 WIB

Germak finds indications of cooking oil price manipulation by traders

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Minyak goreng
Illustration of cooking oil sold in the market (Aslam Iqbal/IO)

Roy also saw potential for abuse of subsidies paid by the Oil Palm Plantation Fund Management Agency (BPDPKS) to manufacturers. This is because the data of production volume and distribution network are self-reported by producers without an adequate verification mechanism.

“The government needs to be stricter with business players who repackage bulk cooking oil and resell it as plain packaged type,” he said.

Roy demands data transparency with regard to 300 distributors, 919 sub-distributors and 4,686 retailers who have been registered with the bulk cooking oil information system (Simirah) so the distribution of subsidized cooking oil can be monitored and immediately reported in case of fraudulent activities. (at)

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