Cook­ing oil stocks run­ning out

The Sun (Malaysia) - - NEWS WITHOUT BORDERS - BY KONG SEE HOH

MONEY can’t buy cook­ing oil, cries the head­line of a story in China Press.

The gov­ern­ment’s an­nounce­ment last week that the price of cook­ing oil will in­crease from Nov 1 due to the with­drawal of its sub­sidy has prompted a rush for the item.

Ac­cord­ing to the daily, a check with sev­eral hy­per­mar­ket chains in the Klang Val­ley showed that con­sumers have emp­tied their shelves of cook­ing oil, and those who did not join the rush are now wor­ried that they can­not get cook­ing oil in the im­me­di­ate fu­ture.

Fed­er­a­tion of Sundry Goods Mer­chants As­so­ci­a­tions of Malaysia pres­i­dent Hong Chee Meng said most sundry shops have run out of cook­ing oil and new stocks are not due any­time soon.

He said sundry goods mer­chants could only wait for now as man­u­fac­tur­ers await more de­tails from the gov­ern­ment.

Hong told China Press that the rush had started sev­eral days ago and “now, most sundry shops have no more stock of cook­ing oil”.

“We can’t tell for how long the sit­u­a­tion will stay like this: it all de­pends on fur­ther an­nounce­ments by the man­u­fac­tur­ers and gov­ern­ment.”

Fed­er­a­tion of Hawk­ers and Petty Traders As­so­ci­a­tions of Malaysia pres­i­dent Yow Boon Choon said its mem­bers were not af­fected by the short­age of cook­ing oil so far, and saw the rush as a knee-jerk re­ac­tion.

He be­lieved that to keep their cus­tomers, hawk­ers would not raise their prices in tan­dem with the an­tic­i­pated rise in cook­ing oil price un­less other costs such as the prices of ingredients also go up.

Mean­while, Fi­nance Min­is­ter II Datuk Jo­hari Ab­dul Ghani dis­closed that the gov­ern­ment had been los­ing more than RM500 mil­lion a year due to cook­ing oil smug­gling ac­tiv­i­ties.

He said the gov­ern­ment had been sub­si­dis­ing 85,000 tonnes of cook­ing oil a month when stud­ies showed that Malaysians con­sumed only 40,000 tonnes of it.

BERNAMAPIX

... As­sis­tant di­rec­tor of the Nar­cotics Crim­i­nal In­ves­ti­ga­tion Depart­ment (Zone 1) ACP S. Ba­tu­malai show­ing his doc­tor­ate cer­tifi­cate he re­ceived from Univer­siti Sains Malaysia Chan­cel­lor Tuanku Syed Si­ra­jud­din Ja­malul­lail at the univer­sity’s 54th con­vo­ca­tion cer­e­mony yes­ter­day.

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