KOTA KINABALU, Aug 2 — The ceiling price for five-kilogramme bottled cooking oil has been capped at RM34.70 for Sabah, Sarawak and the Federal Territory of Labuan effective August 8, similar to Peninsular Malaysia.
“However, the setting of the ceiling price also considered several contingency costs, including logistics, as well as situations faced by some retailers to exhaust their supply of pure cooking oil bought at old prices,” he said in a statement today. “The average monthly CPO price was determined by the Plantation Industries and Commodities Ministry on the 1st of every month followed by the announcement of the ceiling price of bottled cooking oil for the month, effective 8th till 7th of the following month,” he said.
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