KUALA LUMPUR, Nov 11 — The government has approved a special incentive of about RM15 million a month under the Cooking Oil Price Control Mechanism (MKHMM) to maintain ceiling prices and ensure a stable supply of bottled pure palm cooking oil.

Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the decision, made at the Cabinet meeting on Nov 6, followed a surge in global crude palm oil (CPO) prices, which had significantly increased production costs for manufacturers.

“Through this mechanism, we can maintain the existing ceiling prices for 1kg, 2kg, 3kg and 5kg bottles, while providing special incentives to manufacturers producing bottled cooking oil,” he told a media conference held in conjunction with the 22nd Annual General Meeting of the Malaysian Muslim Restaurant Owners Association (PRESMA) here today.