Zain: Food prices stable

  • Nation
  • Monday, 07 Sep 2009

PETALING JAYA: There has been no increase in the prices of foodstuff and necessities following the price hike of RON95 fuel by five sen.

Domestic Trade, Co-operative and Consume-rism Ministry secretary-general Datuk Mohd Zain Mohd Dom said the new price of RON95, which is RM1.80 per litre, was the same as the old price of RON97.

Since Sept 1, RON97 has been upgraded as a premium product and its price had increased from RM1.80 to RM2.05.

“About 90% to 95% of users will be using RON95, so there should be no reason for anyone to increase the prices of food items,” he said.

Some non-governmental organisations (NGOs) had claimed that the fuel increase had caused prices of other items to increase, but Mohd Zain said such a view was baseless and illogical.

“I get reports from our branches nationwide four times a day, and there has been no report of inflation due to the fuel hike,” he said.

He added that RON95 fuel contained a new additive, the EURO2, which made it more environmentally-friendly than RON97 without affecting its performance.

On the supply of sugar, Mohd Zain said there was ample supply, although some retailers in the rural areas might be out of stock.

“This is because some retailers have not paid the wholesalers or because they only order a small amount, thus they run out of supply quickly,” he said.

Mohd Zain was speaking to reporters after breaking fast with 300 orphans at Mydin Mall USJ on Saturday.

Mydin, together with Nestle and Shell Gas, had prepared 20 pots of bubur lambuk, of which 11 were sent out to nearby mosques and nine given to Mydin customers.

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