The removal of cooking oil subsidies has resulted in some cooking oil producers raising price of their products by about 60 percent.

According to Sin Chew Daily, the 5kg bottle of Red Eagle brand cooking oil was increased from RM14.70 to RM23.70 - a RM9 increase or 61.2 percent.

The daily said that the price of Red Eagle's 1kg bottle increased by RM2.05 (57 percent increase) while its 2kg bottle increased by RM3.35 (46 percent increase).