Price of unsubsidised cooking oil expected to fall within 2 weeks - Annuar

 

The price of unsubsidised cooking oil is expected to come down within the next two weeks, says Special Task Force on Jihad Against Inflation chairperson Annuar Musa.

He said the task force had called on all manufacturers involved, as well as the Malaysian Palm Oil Board and the Malaysian Palm Oil Council on Tuesday (July 12).

"I am not forcing (them to do so), only at this point time, I want the industry to have a sense of responsibility and not let the government get bogged down with problems because ultimately, it is the companies that determine (the price)," he told reporters after conducting a price survey at Pasar Ketereh, Kota Bharu, today.

According to Annuar, who is also the communications and multimedia minister, the manufacturers involved had hinted that the price reduction of five to 10 percent would be done in stages.

- Bernama