ID :
40905
Thu, 01/15/2009 - 21:16
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https://www.oananews.org//node/40905
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COOKING OIL SUBSIDY SCHEME TO BE IMPLEMENTED IN FEBRUARY
Jakarta, Jan 15 (ANTARA) - Trade Minister Mari Elka Pangestu said a scheme to provide a Rp1,000 subsidy for every liter of cooking oil bought by target households will begin to be implemented in February 2009.
"We hope the subsidy will be effective in February. It will at least mean the start of the sale of low-priced goods under the corporate social responsibility (CSR) program," the minister said after attending a seminar themed "Food Industry Outlook 2009 : Prospects and Opportunities" in Tangerang, Banten province, on Thursday.
The minister said the cooking oil subsidy was aimed at stepping up the people's purchasing power and lowering the cooking oil price.
According to her, the subsidized cooking oil which was projected for some 18.2 million poor families in the country and last 10 months.
"We will review it after 10 months whether or not it is still needed," the minister said.
In an effort to maintain stability in the cooking oil price, the trade ministry would also launch a program to market low-priced cooking oil in packages bearing the trade mark "MINYAKITA." The price would be slightly higher than that of unpackeged cooking oil but lower than that in premium packages.
"Our target of the MINYAKITA and the CSR program could reach 11 to 14 percent from the people's consumption of the unpacked cooking oil. So if the cooking oil sale at the price of 6,000 rupiah per liter could reach 11 to 14 percent, there will be pressure on the national standard price, she said.
Last year, the government granted a Rp2,500 subsidy for every liter of cooking oil per family every month, the minister said, adding that the total budget for the subsidy in 2008 amounted to Rp 500 billion but only half of it was absorbed.
"We hope the subsidy will be effective in February. It will at least mean the start of the sale of low-priced goods under the corporate social responsibility (CSR) program," the minister said after attending a seminar themed "Food Industry Outlook 2009 : Prospects and Opportunities" in Tangerang, Banten province, on Thursday.
The minister said the cooking oil subsidy was aimed at stepping up the people's purchasing power and lowering the cooking oil price.
According to her, the subsidized cooking oil which was projected for some 18.2 million poor families in the country and last 10 months.
"We will review it after 10 months whether or not it is still needed," the minister said.
In an effort to maintain stability in the cooking oil price, the trade ministry would also launch a program to market low-priced cooking oil in packages bearing the trade mark "MINYAKITA." The price would be slightly higher than that of unpackeged cooking oil but lower than that in premium packages.
"Our target of the MINYAKITA and the CSR program could reach 11 to 14 percent from the people's consumption of the unpacked cooking oil. So if the cooking oil sale at the price of 6,000 rupiah per liter could reach 11 to 14 percent, there will be pressure on the national standard price, she said.
Last year, the government granted a Rp2,500 subsidy for every liter of cooking oil per family every month, the minister said, adding that the total budget for the subsidy in 2008 amounted to Rp 500 billion but only half of it was absorbed.
