IT was reported that the ceiling price of 5kg bottled cooking oil will be reduced to RM33.50 from RM34.70, starting from Sept 8. Is this true?
Verdict:
TRUE
Special Task Force on Jihad against Inflation chairman Tan Sri Annuar Musa said 5kg bottled cooking oil will be set at a maximum price of RM33.50 while bottled 3kg, 2kg and 1kg oil will be priced at RM21.10, RM14.30 and RM7.50 respectively from Sept 8 until Oct 7.
"The reduction is based on the price of crude palm oil (CPO) in August which was RM4,169 per metric tonne,” he told a press conference after chairing the special task force meeting on Thursday (Sept 1).