KUALA LUMPUR, Aug 8 — The majority of traders are complying with the maximum price set for palm cooking oil in bottles with 17 per cent of them selling it below the maximum price, according to the chairman of the Special Task Force on Jihad Against Inflation Tan Sri Annuar Musa.
While expressing thanks and gratitude to the traders, Annuar said a survey conducted at over 200 business premises as of noon today found that the cooking oil was sold at the stipulated price on the first day of implementation of the maximum retail price.
“This is an encouraging development. We found that the cooking oil in 5kg bottles are sold at a price as low as RM28.90 each compared to the maximum price of RM34.70,” he told a press conference after chairing the meeting of the task force at the Parliament building here today.
Annuar, who is also Communications and Multimedia Minister, said the survey also found that cooking oil in 1kg bottles were sold at between RM6.70 and RM7.70 each, in 2kg bottles at between RM12.70 and RM14.70 each, while in 3kg bottles at between RM21.30 and RM21.70 each.
Last week, the government announced that the maximum price for palm cooking oil in bottles was to be set on a monthly basis based on the price of one tonne of crude palm oil (CPO) announced by the Malaysian Palm Oil Board.
Hence, this month, the palm cooking oil in 5kg bottles are to be sold at RM34.70 each starting today.