Price of cooking oil will drop soon – Annuar Musa

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PUTRAJAYA JULY 14: The price of palm cooking oil in bottles will be reduced soon following the agreement made between the government and the manufacturers, suppliers and oil packers in the meeting held on 11th July 2022.

Minister of Communications and Multimedia (K-KOMM) Tan Sri Annuar Musa said, the Handling Inflation Movement Special Team had met more than 20 companies representing 21 manufacturers and suppliers besides 215 palm cooking oil packers proposing several measures to avoid leakages and reduce the price of palm cooking oil in the bottle.

Annuar said, at the meeting the Malaysian Palm Oil Board (MPOC) and the Special Team had received explanation from the industry players on several issues including the leakages and the price of cooking oil that is fully dependent on the price of raw cooking oil in the global commodity markets.

Regarding the late subsidy payments to the re-packers, Annuar said, the Ministry of Finance and the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) had discussed the matter and will improve the system so as not to affect the supplies.

He said due to the delay in payments, some re-packers have sold the cooking oil at a higher rate to make quick and high profits.

“From 1st June -13th July 2022, a total of 111,221 examinations have been implemented nationwide involving Integrated Ops at the border, Ops ATM (chicken, egg and cooking oil) and Ops Samar (without uniform).

“The latest detention was made in Sungai Kolapis, Beluran Sabah where KPDNHEP Sabah, assisted by the Battalion 20 PGA crew had seized 9,690 kg. cooking oil and 5,000 litre diesel costing RM1.904 million from a ship that tried to smuggle the commodities to another country,” Annuar said in a press conference here today after chairing the Committee for Handling Inflation Movement Special Team.

Annuar who is also the Chairman to the Committee added, the Special Team together with the Ministry of Higher Education had ensured that all universities will provide a reasonable menu rate for the Malaysian Family to help reduce students’ expenses.

“This initiative had started on 9th July with the “Bakul Makanan Siswa Keluarga Malaysia” where the students will buy ready cooked food at RM3.50 per plate. For example the Universiti Putra Malaysia (UPM) has 24,000 students and 60 per cent are from B40 Group and UPM has provided cooked food for RM3.50 per set.

“UPM also takes other initiatives such as Bantuan Tabung UPM Prihatin, Tabung Amanah Zakat UPM, Menu Kasih Pelajar Keluarga Malaysia and sehotline BHEP 24 hours. The same initiatives have been extended to Universiti Malaya, UiTM and UiTM,” Annar said. –Malaysia World News


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