Govt expected to bear over RM2bil to maintain subsidised price of 1kg polybag cooking oil

Published on 17 Mar 2022 6:06:57 PM

The government is expected to bear more than RM2bil this year to maintain the subsidised price for a 1kg polybag cooking oil, says Datuk Rosol Wahid.

The Deputy Domestic Trade and Consumer Affairs Minister said that in Dewan Rakyat on Thursday (March 17), added that a suggestion to raise the price of cooking oil has to be carefully scrutinised to ensure that the government does not add on to the rakyat’s burden at a time when they are already struggling.

Rosol added that the shortage of the cooking oil is also due to smuggling to neighbouring countries by irresponsible parties to obtain more profits, and the Ministry is taking measures to combat these issues.