Literature Study of Cooking Oil Scarcity and The Increase of Cooking Oil Prices in Indonesia

Abstract

The increased cooking oil prices in the market resulted in a scarcity of cooking oil in Indonesia. This study examines the impact of the shortages and increases in cooking oil prices in Indonesia on the economy and the surrounding community. This study uses a qualitative approach with a literature study method that explores the case in more depth by collecting various sources of information. The data analysis method uses content analysis such as data collection, data reduction, and concluding. It resulted in the scarcity of cooking oil in Indonesia, not due to decreased cooking oil production but the lack of cooking oil at affordable prices. In conclusion, the cooking oil shortages in Indonesia have led to new government subsidies, HET, export policies, and the B30 policy. Keywords: Oil Prices; Scarcity; Cooking oil; B30 policy; HET