Retail price grade A,B,C eggs drop 3 sen each across the country effective today –PM Anwar

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KUALA LUMPUR: The government has decided to reduce the retail price of grade A, B, and C eggs by 3 sen each across the country in line with the effort to return the target subsidy savings to the people.

Prime Minister, Datuk Seri Anwar Ibrahim said, the retail price of eggs grades A, B, and C dropped to 42 sen, 40 sen, and 38 sen each respectively effective today.

He said, the subsidy aid for the people’s essential food for 10 sen an egg involves RM100 million in expenses while in 2023 the egg subsidy allocation was RM927 million.

Meanwhile, he said, the retail price of eggs in Sabah, Sarawak, and Labuan will also be synchronised following the Division and Zon gazetted.

“The price of bottled palm cooking oil is retained at RM6.90 (1kg.) RM13.30 (2kg), RM19.60 (3kg), and RM30.90 (5kg) since the government took over even though the price of crude palm oil (CPU) in the world is rising above the threshold price of RM3,890/mt.

“For example, with the CPO price in March RM4,215/mt and April RM4,256/mt, the price of 5 kg. pure palm cooking oil has increased until RM33-RM35,” he said in a statement today.

Anwar also highlighted that the Ministry of Domestic Trade had moved the “Ops Tiris” since 1 March 2023 aimed at abolishing the problem of subsidized diesel deviation when it benefits the unqualified party.

“Until 31 December 2023, about 6,441,118 litres of diesel estimated at RM14, 208,824.00 had been seized. Hence from the results and good developments, the “Ops Tiris 3.0” has been implemented with an extended scope that covers other controlled items such as refined white sugar (coarse and fine) polybagged packed cooking oil 1kg, petrol RON95 and liquefied petroleum gas (LPG).

“Up to 14 Jun 2024, RM12, 956,089.96 values of controlled items have been seized with diesel becoming the highest controlled item being smuggled and deviated,” Anwar said.

He added that subsidies have not been eliminated but what has been done is to ensure the management of subsidies is efficient, has no leakage, and reaches the rightful group. The government still has to bear RM7 billion for subsidies related to diesel in Peninsular Malaysia.

“The main aim of the target diesel subsidy policy is to ensure the wastage of subsidy will not continue while ensuring the savings must be returned to the majority of the people,” Anwar said. – Malaysia World News


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