Global Trade Alert
Global Trade Alert

Indonesia: Provided IDR 7.6 trillion for cooking oil price stabilization

Announcement

11 Jan 2022

In January 2022, Indonesia provided IDR 7.6 trillion (USD 531.14 million) subsidy to domestic cooking oil producers to stabilize the price of cooking oil at IDR 14,000 (USD 0.97) per liter. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 Jan 2022

Revocation date:

No revocation date

End prolongation: 19 Jul 2022
Price stabilisation In force
On 11 January 2022, the government of Indonesia issued the Ministry of Trade Regulation No. 1/2022, providing an IDR 7.6 trillion (USD 531.14 million) subsidy to domestic cooking oil producers. The ob...
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