PAPAR: The Ministry of Domestic Trade and Cost of Living will take strict action, including immediate revocation of licenses of subsidised cooking oil packaging companies found to be involved in the misappropriation of the essential item, says its minister, Datuk Armizan Mohd Ali.
Armizan said the ministry was serious about ensuring that no subsidised cooking oil packaging company continued to sabotage the government's well-intentioned programme to assist targeted groups in obtaining the essential item at an affordable price in the market. Armizan said the ministry would also improve the Cooking Oil Price Stabilisation Scheme system to monitor the distribution process of subsidised cooking oil packets from packaging companies to retailers.He said last year, the government spent RM1.5 billion to subsidize a total of 60 million packages of cooking oil in the market.