Big shift in sale of cooking oil
THE sales of cooking oil in 5kg bottles have dropped by as much as 70% following removal of the subsidy, as consumers switch to buying cooking oil in 1kg polybags, which is still being subsidised.
Perak Sundry Shops Guild president Chuah Seong Kok said amid a wave of hikes in the prices of goods, many consumers opt for subsidised cooking oil i.e. in 1kg polybags.
This caused the sales of cooking oil in bottles, particularly 5kg bottles, to drop drastically.
As such, he suggested the government step in to bring the price differences among the various packagings to within 30-40 sen per kilogramme, to balance sales for oil in different types of packaging.
He said the price of the 1kg polybag is still fixed at RM2.50, which works out to RM12.50 for 5kg (five packs) whereas a 5kg bottle costs around RM19, or RM3.80 a kg.
“To a housewife, it means saving RM6.50 if she opts for five polybags instead of a 5kg bottle, which is enough pocket money for a schoolgoing child for two days.”
Speaking to Oriental Daily News on Monday, Chuah pointed out that in the past, housewives preferred bottled cooking oil as the bottle packaging is easier to use.