A general image of workers packing subsidized cooking oil at Golden Palm Oil Industries Sdn Bhd during an inspection by the Ministry of Domestic Trade and Consumer Affairs in Kuala Lumpur on July 5, 2022. — Photo by Hari Anggara
By Radzi Razak
Monday, July 25, 2022 7:43 PM MYT
KUALA LUMPUR, July 25 – The government has banned the export of cooking oil in polythene bags to streamline the fight against smuggling of the subsidized food, Tan Sri Annuar Musa has said.
The chairman of the Jihad Task Force to Fight Inflation said the government has therefore ordered cooking oil makers to export only in bottles.
“We will no longer allow any export of cooking oil in the form of polybags as it is confusing and we have mentioned that we stipulate that subsidized cooking oil is only available in the form of polybags and authorities must enforce that cooking oil cannot be exported.
“When there is an exporter of cooking oil in a similar form, it creates problems for law enforcement officers, so any export of cooking oil in polybag form n is no longer allowed,” he told a news conference after the task force meeting in Parliament today.
The government maintained the price subsidy for cooking oil sold in 1kg polythene bags while removing it for oil sold in bottles ranging from 2kg to 5kg.
Today, Annuar said the government would reintroduce a price cap for bottled palm oil as manufacturers failed to lower their retail prices despite a drop in crude palm oil prices.
“It’s been two weeks since the committee gave a deadline for lowering the price of bottled palm oil, it seems that the existing mechanism is not effective, the steps to negotiate and request a price reduction do not seem effective and the government must make effective decisions to protect the public interest.
“The Jihad Task Force to Fight Inflation has decided that the government will publish the price of bottled cooking oil according to the existing method, which is the determination of the maximum price of bottled cooking oil.
“It will be done with certain details by the Ministry of Internal Trade and Consumer Affairs and will set a date when it will be published,” he said.
Annuar added that the process will take about a week.