Cooking oil stocks sufficient in Sarawak

MIRI: The Ministry of Domestic Trade, Cooperatives and Consumerism (KPDNKK) today refuted allegations there is shortage of cooking oil sold in the 1kg plastic packs in Sarawak.
Its Sarawak director Datuk Stanley Tan said checks revealed that stocks of cooking oil sold in the 1kg pack at a subsidised price of RM2.50 was sufficient in Sarawak.
"Sarawak's quota for the 1kg cooking oil is 2,505 metric tons monthly with each person estimated to consume 1.5kg per month," he told reporters after inspecting stocks of cooking oil supply at a supermarket here today.
Tan said consumers could purchase cooking oil in various quantities in case of a shortage in the 1 kg packs which might be due to bulk buying by local residents.
However, he said, Sarawak KPDNKK had detected some retailers selling the subsidised cooking oil set at RM2.50 at prices of RM2.80 and RM3 per pack in Limbang.
"These retailers have been given notices to explain the unauthorised price hike under Section 21 of the Price Control and Anti Profiteering Act 2011," he said, adding that so far action was taken against one retailer in Serian for stocking excess cooking oil without a license. — Bernama