The price is the same because there is a single price rule. Hopefully, this market operation will make it easier for people to get cooking oil and help restore supply so that later it will be easier for people to get cooking oilYogyakarta (ANTARA) - Six thousand liters of simple, packaged cooking oil was distributed during market operations in all sub-districts of Yogyakarta city to meet people's needs.
"Today, market operations were conducted simultaneously in all sub-districts. The city of Yogyakarta received an allocation of 6 thousand liters from the Yogyakarta government, which was then distributed (to the people) through the sub-districts (administration), with the amount according to demand," deputy mayor of Yogyakarta, Heroe Poerwadi, informed in Mergangsan district, Yogyakarta on Monday.
The market operation was targeted directly at the public—the final consumers—as well as micro, small, and medium enterprises (MSMEs), he said. However, residents were instructed to register first to participate in the event, he added.
"So, residents register and pay according to the amount of cooking oil to be purchased. When they come to the sub-district, (all they) need to (do is) just take the cooking oil," he explained.
Buyers who fall in the general public or end consumers category can only buy 2 liters of oil, but MSMEs can buy up to 6 liters of oil, he said.
The price of cooking oil in the market operation is the same as the retail price, which has been capped at Rp14 thousand per liter, Poerwadi added.
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"The price is the same because there is a single price rule. Hopefully, this market operation will make it easier for people to get cooking oil and help restore supply so that later it will be easier for people to get cooking oil," he explained.
If the cooking oil market operation needs to be continued, it will be possible to propose additional stock or supply of the cooking oil, he said.
Meanwhile, head of availability of trade supervision and control at the Yogyakarta Trade Office, Riswanti, assured that all retailers with national scope had complied with the policy.
“However, for traders in this people's market, it is quite difficult because there is no price faction mechanism. Actually, it's a pity, especially for market traders who buy and break up from distributors. They buy at a high price," he pointed out.
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The Yogyakarta Trade Office is trying to assist with the cooking oil price faction through the association of market traders because there is always a representative of the association in each city, district, or province, he said.
"This step is considered quite logical, but we cannot think of the mechanism as of yet," he informed, adding that market vendors were given one week to adjust the price to Rp14 thousand per liter after the single cooking oil price policy kicked off on January 19, 2022.
A number of local retailers in Yogyakarta who have not yet received a ratification agreement from distributors have also taken some measures, such as withdrawing cooking oil to warehouses and delaying sales, until distributors provide an agreement on the price, he added.
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"There are some who have sold it at a single price, but only for certain brands that get a price faction from the distributor," he disclosed.
Riswanti warned shops or retailers still selling cooking oil at high prices that they could be subjected to sanctions, including the revocation of their business license, in accordance with the applicable regulation.
According to a resident of Mergansan sub-district, Suryanti, cooking oil prices have shot up since the end of November 2021.
“Because the price keeps increasing, automatically the price of the cakes that I produce also goes up. It can go up by 40 percent. But it's not only because cooking oil is expensive. Other ingredients are also expensive, such as flour and eggs," she added.
The price increase would lead to a 30-percent decline in her turnover, she estimated.
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She said she expected the price of cooking oil to remain stable, making it easier for business players to continue their business and keep their turnover stable.
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Translator: Eka Arifa R, Mecca Yumna
Editor: Fardah Assegaf
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