The prices for chicken will not be floated and a new ceiling price will be announced soon, says Prime Minister Datuk Seri Ismail Sabri Yaakob.
In addition, he said that there will be no hikes to water and electricity tariffs in the peninsula.
In a statement, Ismail said the government will continue to cover subsidies worth RM5.8bil despite facing a sharp increase in fuel and other costs.
“This means that a rebate of 2 sen/kWh is maintained for all domestic consumers and no surcharge applies.”
“There is no electricity tariff increase to domestic consumers in the Peninsula,” he said.
Meanwhile, the imposition of a surcharge of 3.70 sen/kWh is maintained for commercial and industrial consumers.
“At the same time, the government also decided the price of chicken in the market will not be floated,” he said.
He said that the new ceiling price for chicken would be announced by agriculture and food industries minister Ronald Kiandee.
“This decision proves the government’s concern in protecting the interests of the Malaysian Family, so as not to be burdened with rising prices and cost of living challenges,” he said.
The ceiling price for chicken is RM8.90 per kg and it was implemented on 5 February. On June 21, domestic trade and consumer affairs minister Alexander Nanta Linggi announced that this ceiling price is to be removed on 30 June.
He also said that the price of chicken is expected to be between RM10 and RM12 per kg once the ceiling price is removed.
Meanwhile, Ismail also announced that cooking oil in bottled packaging (2kg, 3kg, and 5kg) will also no longer be subsidised from 1 July.
On Wednesday (22 June), Ismail announced that there will be an increase in the Bantuan Keluarga Malaysia (BKM) cash aid to help those in the B40 cope with the rising cost of goods.
Eligible B40 recipients will receive an additional RM100 per household, while those who are single will get an extra RM50.