THE government has agreed to extend the cooking oil price control mechanism programme until March next year at a cost of RM150 million, the Domestic Trade and Consumer Affairs Ministry said.

In a statement, the ministry said the matter was agreed in a special meeting of the National Action Council on Cost of Living which was chaired by Prime Minister Ismail Sabri Yaakob today.

On July 27, the government set the maximum retail price for pure palm cooking oil in bottled packaging effective August 1, with a guarantee that consumers will get cooking oil below RM30 for a 5kg bottle.

The maximum price of a 5kg bottle of pure cooking palm oil is RM29.70, 1kg bottle (RM6.70), 2kg bottle (RM12.70) and 3kg bottle (RM18.70).

Meanwhile, the ministry said it was also agreed at the meeting that the Malaysian Family Sales Programme will be implemented in the 222 parliamentary constituencies until March next year at a cost of RM100 million. – Bernama, December 9, 2021.