Domestic Trade and Consumer Affairs Deputy Minister Datuk Rosol Wahid said the ministry hoped that the move would help traders and pharmacy operators to minimise their profit loss.
“We understand that they have bought the kit at prices of more than RM16 and RM19, so we give them a week to clear their existing stock so that they do not incur huge losses when the ceiling price comes into effect.
“Monitoring operations will still be conducted by the ministry starting tomorrow, but legal action will only be taken against errant traders and pharmacy operators after a week,” he said after visiting a freshwater fish breeding project at Felda Bukit Bading here today.
The Domestic Trade and Consumer Affairs Ministry has set the retail ceiling price for the Covid-19 self-test kits at RM19.90 per set while the wholesale ceiling price has been set at RM16 per set, effective tomorrow.
Stern action will be taken against traders who fail to comply with the rules set under the Price Control and Anti-Profiteering Act 2011.