When will the new RM1 retail price for face masks take effect?

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The New RM1 Retail Price for Three-Ply Face Masks Takes Effect on August 15

The maximum retail price of RM1 per unit for three-ply face masks in Malaysia will officially come into effect on Saturday, August 15. This new regulation was confirmed through the latest government gazette, published on August 11, 2020. The order, titled the Price Control and Anti-Profiteering (Determination of Maximum Price) (No. 2) (Amendment) (No. 2) Order 2020, received approval from Datuk Alexander Nanta Linggi, the Minister of Domestic Trade and Consumer Affairs.
New Price Regulations for Three-Ply Masks

Under the new order, the maximum retail price for a three-ply face mask is set at RM1 per unit, or RM50 per box. Concurrently, the maximum wholesale price has been established at RM0.95 per unit, which translates to RM47.50 per box. These price ceilings apply to all three-ply face masks, whether classified as surgical or medical, and regardless of their attachment method, such as ear loops, head loops, or head ties.
Government's Rationale for Price Reduction

The government's decision to further reduce the maximum retail price aims to enhance the affordability of face masks for lower-income families, particularly those within the Bottom 40th percentile (B40) income group. This measure comes as face masks have become compulsory in public spaces, especially in crowded environments, since August 1, making their cost a significant consideration for many households.
Historical Context of Price Adjustments

This latest price adjustment follows a series of revisions to the maximum prices for three-ply face masks. Previously, in March 2020, the retail price ceiling was raised to RM2 per unit to address shortages and encourage local production. Subsequently, on March 27, the price was lowered to RM1.50 per unit. The government had initially planned to reduce the retail price to RM1.20 and the wholesale price to RM1.15 from August 15, but this was further revised downwards to the current RM1 retail price following public feedback.

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When will the new RM1 retail price for face masks take effect?

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