{
  "id": 12762186,
  "title": "Cooking oil subsidies total RM3.886b, palm oil levies RM3.278b in 2024-2025, says MOF",
  "url": "https://urgent.news/2026/10/08/cooking-oil-subsidies-total-rm3-886b-palm-oil-levies-rm3-278b-in-2024",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T01:50:25.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/08/cooking-oil-subsidies-total-rm3886b-palm-oil-levies-rm3278b-in-2024-2025-says-mof/238183"
  },
  "original_language": "en",
  "account": "In 2024-2025, the Malaysian government spent a total of RM3.886 billion on cooking oil subsidies, according to the Ministry of Finance (MoF). This expenditure far exceeded the RM3.278 billion collected from windfall profit levies imposed on the palm oil industry during the same period. The windfall profit levies, which are revenue for the Federal Government and deposited into the Federal Consolidated Fund, are subsequently allocated through the annual budget to support various government programs, including the provision of cooking oil subsidies under the Cooking Oil Price Stabilisation Scheme. The MoF explained the situation in response to a query from Bakri Jamaluddin (PN-Tangga Batu) concerning the utilization of palm oil industry levies. The ministry emphasized that the government maintains the subsidy of cooking oil to shield Malaysian people from escalating crude palm oil prices in the market.",
  "summary": "KUALA LUMPUR, Oct 8 — The government spent RM3.886 billion on cooking oil subsidies from 2024 to 2025, compared wi...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}