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Cooking Oil Still Cheaper Than Mineral Water, Says Minister

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PETALING JAYA: A family of five will have to fork out about RM100 extra for cooking oil per year following the rationalisation move by the government, the Dewan Rakyat was told.

In comparison, the price of mineral water exceeds that of cooking oil depending on how much one drinks, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.

He explained that it is estimated that an average person consumes about 1.5kg of cooking oil per month (or RM2.25 per person.)

“If it is for a family of five, it will be about RM10 per month and an average of RM100 per year, whereas the mineral water that they buy and drink everyday exceeds the price of the cooking oil,” he said in reply to a question from Lim Guan Eng (DAP-Bagan) during the Minister’s Question Time.

Lim had asked the government to clarify whether families have to pay an average of RM50 per person (RM250 for a family of five) a year to purchase cooking oil.

Effective this month, consumers have to pay the market price for bottled cooking oil but those sold in bags remain at RM2.50 per kilogram.

To an earlier question from Datuk Seri Ikmal Hisham Abdul Aziz (BN-Tanah Merah), Hamzah reiterated that the government did not abolish the cooking oil subsidy but instead put in place a rationalisation plan.

“As previously announced, there is still subsidy for cooking oil but the government only introduced a rationalisation plan so that the quota will reach the targetted group.

“We have ordered our enforcement officers to monitor and conduct random checks at shops so there will not be any hike in prices,” he said.

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