Gov’t considering proposal for cooking oil pricing mechanism

I think most of us angry about the increasing of cooking oil price. It happen suddenly and as we love to eat meal with oil it will effect our finance.
Deputy Prime Minister Ahmad Zahid Hamidi said today the government would consider a proposal to establish a cooking oil pricing mechanism.

He said the Domestic Trade, Cooperatives and Consumerism Ministry should look into the proposal.

“It is a proposal that the ministry must consider. It should also look into suggestions from NGOs, the media and the public,” Ahmad Zahid, who is also the Home Minister, told a press conference after launching the Innovation Day celebration at the Home Ministry.

Ahmad Zahid, who is also chairman of the high-level committee to address the cost of living, was asked to comment on proposals from several NGOs for the setting up of a cooking oil pricing mechanism to prevent manufacturers and suppliers from fixing prices at will.

He said feedback on the mechanism should be channelled to the Domestic Trade, Cooperatives and Consumerism Ministry for tabling in the cabinet.

How about your opinion on oil cooking price? Don’t make comment like some of our minister. Cooking oil price is cheaper than mineral water? It is just funny comparison by educated people.

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