PUTRAJAYA: Traders have been warned not to raise the price of sugar or face stern action.
Domestic Trade, Co-operatives and Consumerism enforcement division director Roslan Mahayudin said traders who sell sugar above the ceiling price of RM2.84 per kg will face action under Price Control and Anti-Profiteering Act 2011.
Under the act, individuals who is found guilty will be slapped with a fine not exceeding RM100,000 or imprisonment of not more than three years or both, while companies face a RM500,000 fine.
“Sugar is listed under the controlled items and raising the price of sugar is against the law,” Roslan said in a statement, today.
Members of the public are advised to lodge a complaint to the ministry through 1800 886 800 should they find traders selling sugar above the price set by the government.