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Subsidised Cooking Oil Sold in Biodiesel Market for Easy Profit

Aggregation, Business News/Analysis, Feedstocks, Infrastructure, Malaysia, Not Agriculture, Opinions, Policy
January 17, 2022
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(The Sun Daily/Bernama) Some wholesalers and repackaging companies (repackers) are selling subsidised used cooking oil to the biodiesel market for a lucrative profit due to the high price offered for used cooking oil.

Deputy Minister of Domestic Trade and Consumer Affairs Datuk Rosol Wahid said that one kilogramme of used cooking oil was being sold at around RM4.50 in the biodiesel market.

“On the other hand, a one-kilogramme packet of subsidised cooking oil is only sold at RM2.50. They are believed to be making a lot of profit with this irresponsible action.

“This latest tactic was detected by Domestic Trade and Consumer Affairs Ministry (KPDNHEP) officers who went down to the ground to investigate following the current shortage of subsidised cooking oil in Perak, Penang, Selangor and Negeri Sembilan and detailed investigations are being carried out,” he said.  READ MORE

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aggregationbiodieselfeedstock pricesMalaysiaTransportation Fuels Policyused cooking oil (UCO)
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