KUALA LUMPUR: Second Finance Minister Johari Abdul Ghani said the people will continue to benefit from a cooking oil subsidy from the government.
“The people will not be affected and will continue to be subsidised,” he said when commenting on a newspaper report citing the removal of the subsidy.
The Malayan Edible Oil Manufacturers Association (Meoma) had said that the price of some cooking oil would rise next month following the removal of the subsidy by the government.
“The cooking oil subsidy given by the government is used for export sales. This is what we want to control,” he said at the Parliament lobby here today.
Measures to plug leakage of the cooking oil subsidy is being tackled by the Ministry of Domestic Trade, Cooperatives and Consumerism (KPDNKK).
Yesterday, Domestic Trade, Cooperatives and Consumerism Minister Hamzah Zainuddin said the licences of wholesalers and suppliers would be withdrawn if they were found to be hoarding cooking oil for a quick gain.