The new prices for eggs are as follows: Grade A (42 sen per egg), Grade B (40 sen) and Grade C (38 sen) in the peninsula.

Retail prices for eggs in Sabah, Sarawak and Labuan will be adjusted according to the respective zones and districts.

This was announced by Prime Minister Anwar Ibrahim in a statement today.

“This subsidy of 10 sen per egg (to accommodate the price reduction) will involve an expenditure of RM100 million. In 2023, the allocation for egg subsidies was RM927 million,” he said.

The government had initially planned to float egg prices last July, but postponed the move due to concerns about potential price increases and the impact on consumers.

Anwar later announced in his 2024 budget speech that temporary ceiling prices for chicken and eggs would be waived to ensure uninterrupted market supply.

In his statement, Anwar said the decision to reduce egg prices aligns with efforts to return savings from targeted subsidies to the people in sectors such as education, healthcare, public transportation and others.

“The government remains committed to combating diesel smuggling while balancing supply and the cost of living,” he said.

Anwar reiterated that subsidies are not totally abolished because the government still has to bear around RM7 billion for the diesel subsidy in Peninsular Malaysia.

“The main goal of this targeted diesel subsidy policy is to ensure that wastage and leaks no longer occur while ensuring that the savings are returned to the people,” he said.

Anwar added that the government will continue to address cost of living issues proactively and effectively.

Last Monday, the price of diesel was raised from RM2.15 per litre to RM3.35, but only in Peninsular Malaysia. The diesel price will be reviewed every week.

However, under the Budi Madani programme, private diesel vehicle owners, small-scale farmers, and smallholders receive RM200 in monthly cash aid.