THE retail price of grade A, B and C eggs across the country will be reduced by 3 sen per egg effective today, said Prime Minister Datuk Seri Anwar Ibrahim.
This is in line with efforts by the government to return the savings from subsidy rationalisation to the people, he added.
The new retail price for grade A, B and C chicken eggs is 42 sen, 40 sen and 38 sen respectively.
“The government will be spending RM100 million for subsidizing 10 sen per egg,” he said in a statement, adding that the cost of subsidizing eggs in 2023 was RM927 million.
He added that there was a decrease in the input cost of chicken egg production, especially the basic ingredients for chicken feed.
The retail prices for eggs in Sabah, Sarawak and the Federal Territory of Labuan will also be adjusted accordingly.
Anwar said the government will continue to tackle the cost of living problems in a more proactive and effective manner to soften the blow on people’s daily lives.
He said that the government was not doing away with subsidies but instead was ensuring the management of subsidies is more efficient and will reach those who really need it.
“The government still has to bear around RM7 billion for diesel-related subsidies in Peninsular Malaysia,” he said in a statement today.
He said the main purpose of the diesel subsidy rationalisation was to ensure there are no more wastages and that savings can be channeled back to the people.
“The savings from this subsidy rationalisation will be returned to the people in the form of education, health, public transport and other sectors that have the greatest impact on the people,” he said. – June 17, 2024.
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