Post hike, now the ripple

And what?! You expect rakyat to believe the government now?  You could just broadcast later during the evening news, that the next day, new higher prices for essential commodities would take effect with immediate effect.  Orr pa lat lo!!!

From The Star:

Friday June 6, 2008 MYT 7:04:00 PM

Sarawakians flock to buy cooking oil after rumour

By STEPHEN THEN

MIRI: There was panic buying of cooking oil in northern Sarawak Friday following rumours that the price of this essential commodity would increase by up to 50% on Saturday.

The cooking oil rush was seen in all supermarkets and retail outlets starting at 5pm Friday, just after office hours.

The rumour is believed to have been circulated via SMS on Friday.

Just two days ago, the rush for petrol and diesel fuel caused massive panic buying just hours before the hike on Wednesday night.

However, the Ministry of Plantation Industries and Commodities warned that there has been no official approval for any price increase for 1kg, 3kg and 5kg of cooking oil.

”The Government has not approved any increase for these three categories. Whoever raises the prices would have committed an offence.

”The Malaysian Palm Oil Board (MPOB) had not approved any increase. The price is controlled by the MPOB for these three categories,” said minister Datuk Peter Chin Fah kui via his political secretary Sebastian Ting.

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