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Govt caps retail price of 5kg cooking oil bottles at RM30

PUTRAJAYA – The government has set the maximum retail prices for pure palm cooking oil in bottled packaging effective August 1, with an assurance that consumers can obtain the commodity at under RM30 for a five kilogramme bottle.

The Domestic Trade and Consumer Affairs Ministry today listed the maximum retail prices for palm cooking oil at RM29.70 for a 5kg bottle, RM6.70 for 1kg, RM12.70 for 2kg and RM18.70 for 3kg.

It said in a statement that the government had agreed to implement the price control programme based on the threshold value of crude palm oil (CPO), whereby the price of 5kg of palm cooking oil will be controlled so that it does not exceed RM30 a bottle.

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