Rise in cooking oil prices not reasonable, minister told

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The domestic trade and consumer affairs ministry has clarified that bottled cooking oil is not subsidised by the government.PETALING JAYA: A former domestic trade and consumer affairs minister has rubbished a minister’s claim that the 100% increase in cooking oil prices since December 2019 is “reasonable”, saying that immediate action must be taken to address the issue.Saifuddin Nasution Ismail was responding to plantation industries and commodities minister Khairuddin Aman Razali who said that the current market price of RM30 for a 5kg bottle of cooking oil was reasonable given the high price of refined palm oil at the moment.The domestic trade and consumer affairs ministry had since clarified that only cooking oil sold in polybags were capped by the government at RM2.50 per kg, not bottled cooking oil.In a statement, Saifuddin, who is PKR secretary-general, proposed several …