THE proposals to set cooking oil prices through a two-tier system and the use of subsidised purchase coupons for packet cooking oil will be discussed at the national action council on cost-of-living meeting next week, Domestic Trade and Cost of Living Minister Salahuddin Ayub said.

He said the proposals were the result of an engagement session held today with industry players and representatives of cooking oil manufacturers.

“The implementation of the two-tier cooking oil pricing proposed by the Malaysian Palm Oil Board will be refined by taking into account all aspects.

“The coupon (system) proposal was submitted by the previous minister but has yet to be implemented. So, these two proposals will be brought to the meeting,” he said in Putrajaya today.

It was reported yesterday that Salahuddin was to meet with stakeholders to identify the real situation and get the latest information regarding the supply of cooking oil and eggs.

Describing the engagement session as an open discussion between the ministry and industry players, Salahuddin said the proposals presented are useful and will be analysed before new decisions or policies are introduced.

“This is to ensure a win-win situation for manufacturers, traders and consumers,” he said. – Bernama, December 6, 2022.