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Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said the new price was set after the average price of crude palm oil (CPO) recorded a decline.
In addition, he said the new price of pure cooking oil packaged in three kg bottles will drop to RM19.90 from RM21.10, two kg (RM13.50 from RM14.30) and one kg (RM7.10 from RM7.50).
"It is hoped that this new pricing will be of help to Malaysian families," he told a press conference at the Parliament building here today.
Nanta also called on consumers to be the eyes and ears of the government and to lodge reports of unethical business practices to the ministry through the channels provided. - BERNAMA