What action has KPDN taken against the company?

Question

Accepted Answer

KPDN Summons Company Over Viral LPG Price Hike Claim

The Ministry of Domestic Trade and Cost of Living (KPDN) has summoned a company in Negeri Sembilan to provide an explanation regarding a viral message about adjustments to liquefied petroleum gas (LPG) prices. This action is being taken under the Control of Supplies Act 1961 and the Price Control and Anti-Profiteering Act 2011. The price adjustments reportedly concern commercial gas cylinders, specifically the 14kg and 50kg variants, which were noted to increase by RM14 and RM50 per cylinder respectively.
Company Summoned for Explanation

KPDN has officially summoned the company that issued a notice regarding LPG price adjustments, which subsequently went viral. The ministry is seeking a formal explanation for these price changes. This move signifies KPDN's proactive stance in addressing public concerns over potential price manipulation of essential commodities.
Legal Framework for Action

The actions taken by KPDN are grounded in specific legislation designed to regulate trade and prevent profiteering. The Control of Supplies Act 1961 (Act 122) empowers the ministry to oversee the distribution and pricing of essential goods, while the Price Control and Anti-Profiteering Act 2011 (Act 723) provides the framework to prevent excessive price increases. These laws ensure that any adjustments to the prices of controlled goods, such as LPG, are subject to scrutiny and require ministry approval.
Scope of Price Adjustment

The viral notice indicated that the price adjustments involved commercial gas cylinders, specifically the C14C (14kg commercial) and C50 (50kg) types. The reported increases were RM14 per 14kg cylinder and RM50 per 50kg cylinder. It is important to note that these adjustments did not affect subsidised domestic gas cylinders, which are intended for household use and are subject to different pricing regulations.
Public Reporting Channels

KPDN has also advised consumers to report any unverified information or lodge complaints concerning price irregularities. This can be done through various channels, including WhatsApp at 019-848 8000, the KPDN e-Aduan portal, the call centre at 1-800-886-800, and the Ez ADU KPDN mobile application. This encourages public participation in monitoring market practices and ensuring fair pricing.

Reading history

Hide →

This history is cleared when the page is closed.

What action has KPDN taken against the company?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends