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Jakarta Post

Jakarta to subsidize cooking oil

  • The Jakarta Post

  /   Thu, February 28 2008   /  11:29 am

JAKARTA: The city administration will distribute 3.6 million liters of subsidized cooking oil to meet public demand over the next six months, an official said Wednesday. "The program is expected to help the poor facing recent increases in the cost of cooking oil following the global rise in crude palm oil prices," the head of domestic trade at the provincial industry and trade agency, Supeno, said as quoted by Supeno said cooking oil would be subsidized by Rp 2,500 making it substantially cheaper than market prices of between Rp 10,800 and Rp 11,000 a liter. He said distribution would be organized each week, beginning in March, at 12 traditional markets across the city. -- JP ...