KUALA LUMPUR: The new RM1 retail ceiling price for a three-ply face mask will be enforced on Aug 15, says Datuk Alexander Nanta Linggi.
"Given that the current ceiling price of RM1.50 has been around for quite some time and that the supply is sufficient, we decided to reduce the ceiling price to RM1.
"We hope that it will help reduce the burden of the people, especially the B40 income group," said the Domestic Trade and Consumer Affairs Minister during a press conference in Parliament on Thursday (Aug 13).
His announcement follows the government's decision to lower the ceiling price of the item.
He said based on the ministry's engagement with industry players, face mask manufacturers were confident that there would be enough supply in the market.
He also welcomed retailers to sell the item at less than the current ceiling price.
The maximum retail price is RM1 per unit or RM50 per box while the wholesale price is RM0.95 per unit or RM47.50 per box.
He also warned that action would be taken if retailers were found to be selling above the ceiling price.
It is compulsory to wear face masks in crowded public places and in public transport from Aug 1.