LPG price standardised

  • Nation
  • Thursday, 17 Apr 2008

PUTRAJAYA: The price of liquefied petroleum gas (LPG) in Sabah and Sarawak is now RM1.75 per kg, following a Government decision to standardise the price nationwide.

With immediate effect, consumers in the two states will enjoy LPG eight sen lower than usual and there will be more efforts by the Government to ensure prices of essential goods are the same for the whole country.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad, in announcing this, said the Cabinet approved the standardised price yesterday.

The anti-inflation committee, chaired by Prime Minister Datuk Seri Abdullah Ahmad Badawi, had brought the matter up to the Cabinet.

Shahrir said the exercise would cost the Government an additional RM16.3mil a year in petrol subsidy, adding that methods to ensure there would be no wastage or leakage in providing the subsidy was crucial with the extra expenditure.

“This is our first effort to ensure Malaysians enjoy essential goods at a price that is fair and affordable. We will also be looking at standardising prices of other goods, including cooking oil,” he told reporters after chairing his post-Cabinet meeting.

He said consumers in the peninsula bought cooking oil at RM2.50 a kg whereas those in Sabah and Sarawak had to pay at least 10% more for the goods and the “imbalance” was glaring especially when Sabah produced a significant amount of palm oil.

Shahrir also said that food security policy to ensure adequate supply of essential food items sold at affordable prices would be discussed extensively in the next Cabinet meeting. Discussions would include the setting up of a rice stockpile and studying the prices of certain food items.

There are currently 11 essential items, including petroleum, rice, flour and cooking oil, whose prices are controlled by the Government.

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