Tag Archives: Cooking Oil

Palm Cooking Oil Price In Malaysia Shoots Up By 44%!

Palm Cooking Oil Price In Malaysia Shoots Up By 44%!

Palm cooking oil in Malaysia shot up by 44% on the first day price control was lifted! Here is what you need to know…

 

No More Price Control For Palm Cooking Oil!

On 21 June 2022, the Malaysian government announced that price control for palm cooking oil would be removed starting 1 July 2022.

Since 1 August 2021, palm cooking oil was subsidised with the price fixed at :

  • 5 kg palm cooking oil : RM 29.70 per bottle
  • 3 kg palm cooking oil : RM 18.70 per bottle
  • 2 kg palm cooking oil : RM 12.70 per bottle
  • 1 kg palm cooking oil : RM 6.70 per bottle

While Malaysians were hoping that the government would U-turn on the price control of palm cooking oil like it did for chicken, that didn’t happen.

Read more : Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!
Read more : 
Malaysia Cancels Chicken Price Float, Maintains Water + Power Rates!

 

Palm Cooking Oil Price In Malaysia Shoots Up By 44%!

On 1 July 2022, Malaysians finally realised how much palm oil prices have gone up since the price control and subsidy scheme was put in place last year.

Depending on the brand and bottle size, palm cooking oil prices have shot up between 38% and 44%.

Brand Bottle Size Old Price New Price Difference
Alif 1 kg RM 6.70 RM 9.50 +42%
Buruh 1 kg RM 6.70 RM 9.45 +41%
Saji 1 kg RM 6.70 RM 9.50 +42%
Seri Murni 1 kg RM 6.70 RM 9.25 +38%
Vesawit 1 kg RM 6.70 RM 9.40 +40%
Alif 2 kg RM 12.70 RM 18.05 +42%
Buruh 2 kg RM 12.70 RM 18.15 +43%
Saji 2 kg RM 12.70 RM 17.90 +41%
Seri Murni 2 kg RM 12.70 RM 18.10 +43%
Vesawit 2 kg RM 12.70 RM 18.25 +44%
Buruh 3 kg RM 18.70 RM 26.95 +44%
Vesawit 3 kg RM 18.70 RM 26.65 +43%
Alif 5 kg RM 29.70 RM 42.50 +43%
Buruh 5 kg RM 29.70 RM 42.60 +43%
Saji 5 kg RM 29.70 RM 42.20 +42%
Seri Murni 5 kg RM 29.70 RM 42.70 +44%
Vesawit 5 kg RM 29.70 RM 42.25 +42%

However, the government is maintaining the subsidy for cooking oil sold in 1 kg polybag packages, which will remain priced at RM 2.50 per packet.

The abolishment of the palm cooking oil subsidy would save the government about RM 20 million a month.

On social media, Malaysians are generally resigned to the fact that they will have to put up with increased food prices going forward. Some have suggested buying an air fryer, or boiling / steaming food, to cut down on the use of oil.

Looking at the bright side of things – perhaps, this will spur Malaysians to adopt a healthier diet with less fried foods!

 

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Malaysia To Give RM100 / RM50 Subsidy To B40 Group!

The government of Malaysia just announced that it will give RM100 / RM50 subsidy to the B40 group to cope with the increased cost of living!

Here is what you need to know…

 

Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

On 21 June 2022, Malaysia’s Domestic Trade and Consumer Affairs (KPDNHEP) Minister Alexander Nanta Linggi, announced that price control for chicken and chicken eggs, as well as subsidies for palm oil used for cooking will be removed.

There was an immediate uproar from consumers, as it would mean additional increases in food prices, that have already shot up in recent weeks.

Read more : Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

 

Malaysia To Give RM100 / RM50 Subsidy To B40 Group!

To assuage the concerns of many citizens who are struggling to make ends meet in a time of high inflation, the Prime Minister of Malaysia Ismail Sabri today announced that the government will give a small one-time subsidy to the B40 group :

  • B40 families will receive RM100 (about US$22.70)
  • B40 individuals will receive RM50 (about US$11.35)

This small cost-of-living subsidy is meant to help the B40 group cope with the increased food prices.

It will be paid to their accounts together with Phase 2 of Bantuan Keluarga Malaysia (BKM) programme for the B40 group.

For example, if you are a B40 senior citizen who is supposed to receive RM150 in Phase 2 of BKM, you will now receive RM200 = RM150 (BKM) + RM50 (additional cost of living subsidy).

 

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Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

Malaysia is removing price control for chicken and chicken eggs, as well as the subsidy for palm oil used for cooking!

Here is what you need to know…

 

Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

On 21 June 2022, Malaysia’s Domestic Trade and Consumer Affairs (KPDNHEP) Minister Alexander Nanta Linggi, announced that price control for chicken and chicken eggs, as well as subsidies for palm oil used for cooking will be removed.

Read more : Malaysia To Give RM100 / RM50 Subsidy To B40 Group!

Currently, the Malaysian government imposes the current maximum retail price for chicken and palm oil used for cooking in Peninsular Malaysia.

  • Standard whole chicken : RM 8.90 per kg
  • Super whole chicken (without legs, head, liver and gizzard) : RM 9.90 per kg
  • 5 kg palm cooking oil : RM 29.70 per bottle
  • 3 kg palm cooking oil : RM 18.70 per bottle
  • 2 kg palm cooking oil : RM 12.70 per bottle
  • 1 kg palm cooking oil : RM 6.70 per bottle

From 1 July 2022 onwards, the price of chicken will be floated, and will depend on market forces; and the subsidy and price limit on bottled palm cooking oil of 1 kg, 2 kg, 3 kg and 5 kg will be abolished.

The abolishment of the palm cooking oil subsidy will save the government about RM 20 million a month. However, they will maintain the subsidy for cooking oil sold in 1 kg polybag packages, priced at RM 2.50 per packet.

The government needed to remove the price control on chickens, because they would stop giving subsidies to poultry farmers on 1 July 2022 as well.

The inflation of food prices will inevitably increase in July, so please be prepared!

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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