Ministry of Internal Trade undertakes to maintain the price control policy on essential items | Malaysia

KUALA LUMPUR, June 30 The Ministry of Internal Trade and Consumption (KPDNHEP) will continue the policy of controlling the prices of basic necessities in addition to strengthening the application of the law.

Its minister, Datuk Seri Alexander Nanta Linggi, said that law enforcement is clearly effective when there has been no incident of supply disruption during the implementation of the movement control order. before that.

Referring to the National People’s Welfare and Economic Recovery Program (Pemulih), he said the aid program was balanced and coincided with the current situation and could ensure the country would win in the fight against Covid-19 for the well-being and survival of the people.

“KPDNHEP really appreciates the concern of the government, which is committed to reducing the cost of living of the population by pursuing the policy of controlling the prices of basic necessities, including maintaining retail prices for RON95 gasoline. , diesel and LPG involving subsidies of over RM6 billion per year, ”he said in a statement today.

According to Nanta, the ministry thanked the government for accepting the proposed Unsubsidized Cooking Oil Price Management Mechanism to tackle the problem of rising cooking oil prices in oil bottles. ‘one kilogram (kg) to five kg.

To this end, the KPDNHEP would cooperate with the relevant ministries to implement the price control based on the Crude Palm Oil Threshold Value (CPO) and ensure that the price of a bottle of cooking oil of five kg would not exceed 30 RM.

The ministry also welcomed an additional allocation of RM 1 billion to ensure the supply of subsidized cooking oil in one kg polythene bags and is available at a subsidized price of RM 2.50.

In addition, the ministry fully supported the Small and Medium Enterprise Empowerment Program (Pupuk) with an allocation of RM 200 million for micro, small and medium enterprises (PMKS) and RM 100 million for small and medium enterprises. companies to stimulate the national digitization program.

KPDNHEP has also been mobilizing the digitization program for a long time either at ministerial level or in the distribution sector through various applications such as ez-Aduan, Price Catcher, My Sales Tracker, MyHarga, Spacedeal, Chatbot Sara and ReDI.

Nanta said the ministry has launched a special immunization program for economic frontline people so that the country can progress towards opening up more economic sectors when everyone involved has undergone a full vaccination. Bernama