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Kuala Lumpur: The price of five kilogramme (kg) bottled pure cooking oil will drop by RM2 to RM31.50 from RM33.50 previously, effective Oct 8 until Nov 7.

Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said the new price was set after the average price of crude palm oil (CPO recorded a decline.

In addition, he said the new price of pure cooking oil packaged in three kg bottles will drop to RM19.90 from RM21.10; two kg (RM13.50 from RM14.30); and one kg (RM7.10 from RM7.50).

“It is hoped that this new pricing will be of help to Malaysian families,” he told a press conference at the Parliament building here, Monday.