Government to consider proposal for cooking oil pricing mechanism - Zahid

Deputy Prime Minister Datuk Seri Dr 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. -- Bernama