Price for subsidised bottled cooking oil to be determined soon - Hamzah

A price determination mechanism for subsidised bottled cooking oil will be announced soon after a full research is conducted by the Domestic Trade, Cooperatives and Consumerism Ministry, said its Minister Datuk Seri Hamzah Zainudin.

He said a research had being done to look into whether consumers would be willing to pay for the price of the one-litre bottle.

"Therefore, let me announce to the public once all research is done in determining the best price mechanism," he said after the Malaysia Retail Chain Association (MRCA) 2016 charity run, jointly organised by MRCA and the ministry, here today.

Previously Hamzah announced that subsidised one-litre bottled cooking oil would be introduced in the near future to provide more variety and choice of subsidised cooking oil which currently is produced in 1kg plastic packets to consumers.

However, the price of the new 1kg bottled cooking oil will be slightly more as the packaging cost of cooking oil in plastic packets is not more than 10 sen while bottled cooking oil will cost more than 40 sen each.

Meanwhile, commenting on the charity run, the minister said such an event was the very first being the ministry jointly with MRCA and said it would continue next year at a bigger scale.

The charity run attracted more than 2,200 runners from all states being held to raise funds for the MRCA Branding Education Charity Foundation founded in 2011.

This foundation aims to donate to eight charity homes, namely Pertubuhan Kebajikan Kanak-Kanak Yatim dan Miskin, Persatuan Kebajikan Kanak-Kanak Mata Air Kehidupan Selangor, Victory House, Persatuan Orang Kurang Upaya Bangsa Ria KL dan Selangor, Persatuan Kebajikan Kanak-Kanak Terencat Akal Malaysia, Children's Wish Society of Malaysia, Kelab Kiwanis Kluang Mandarin and PDK Selayang.

This year, all finishers received the "R" medal that represents the 2016 theme, "Run for the Needy".

-- BERNAMA