24th June 2022 - 2 min read
Prime Minister, Dato’ Sri Ismail Sabri has announced that there will not be any increase in the tariffs for electricity and water in Peninsular Malaysia. In addition, the decision to remove ceiling prices for chicken has been reversed, with a new ceiling price to be announced at a later date.
The announcement appears to quell recent concerns that electricity tariff rates may go up due to the large price hikes in coal, which contributes to almost 50% of Malaysia’s power generation needs. Since the Russia-Ukraine tensions began, coal prices have surged 400%.
Separately, the government has also made a swift U-turn on its decision to remove the ceiling prices for chicken in the country from 1 July 2022, which was announced just two days ago. However, the Prime Minister stated that there will be a new ceiling price that will be announced at a later date. Currently, the ceiling prices are set at RM8.90 per kg for standard chicken, and RM9.90 per kg for super whole chicken in Peninsular Malaysia.
“This decision proves that the government is committed to safeguarding the interest of Keluarga Malaysia so that they are not burdened with the rising cost of living,” he said.
Meanwhile, the decision to remove ceiling prices of chicken eggs and subsidies for bottled cooking oil from 1 July 2022 remain in place.
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