A cooking oil seller in Indonesia (Photo: en.tempo.co)
Jakarta (VNA) – The Indonesian government beganto implement a one-price policy for cooking oil starting January 19 midnight, Minister🔯of Trade Muhammad Lutfi said.
The sales price for cooking oil in the country is fixed at 14,000IDR (nearly 1 USD) per litre. During a press conference held on January 18, Lutfi said thefixed price applies to all types of packaged cooking oil—both premium andsimple packaging. They are intended for household consumption, as well assmall and micro businesses, the minister said. For the initial phase, the price will apply to cooking oilproducts sold in modern retail or members of the Indonesian RetailEntrepreneurs Association (Aprindo). As for cooking oil sold in the modern market, the one-pricepolicy is implemented by next week at the latest. Indonesian President Joko Widodo earlier this month urgedTrade Minister Lutfi and ministry officials to maintain domestic cooking oilprice stability following the recent commodity price hike, notably the crudepalm oil price in the export market./.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
A cooking oil seller in Indonesia (Photo: en.tempo.co) 
