Domestic trade and cost of living minister Salahuddin Ayub said the proposals were the result of an engagement session held today with industry players and representatives of cooking oil manufacturers.

“The implementation of the two-tier cooking oil pricing, proposed by MPOB (Malaysian Palm Oil Board), will be refined by taking into account all aspects.

“The coupon system proposal has been submitted by the previous minister, but has yet to be implemented.

“So, these two proposals will be brought to the Naccol meeting,” he said at a media conference after the engagement session at the ministry here.

Describing the engagement session as an open discussion between the ministry and industry players, Salahuddin, who is also the secretary for Naccol, said the proposals presented were useful and would be analysed before any new decisions or policies were introduced.

“This is to ensure a win-win situation for manufacturers, traders and consumers,” he said.

On Nov 27, Prime Minister Anwar Ibrahim had ordered Naccol to analyse and go through the implications of various subsidies within two weeks.