Abdul Razak Dawood, Prime Minister’s Adviser onIndustries, Commerce and Production mentioned that fertilizer prices can rise by minimum Rs. 100 per bag owing to a rise in the gas rates for the fertilizer industry.
The Advisor was addressing a press conference in Islamabad. He said that fertilizer Industry has asked for Rs. 200 increase in the Fertilizer Price.
He said that during a pre-budget meeting with the fertilizer industry it was decided that no price hike will be done unilaterally. The government after raising the Gas tariff for the fertilizer industry, has now reduced the Gas Infrastructure Development Charges (GIDC) for the industry.
Abdul Razzak Dawood said that the government was not in a situation to allow substantial increase the fertiliser as higher rates can lead to an adverse impact on the agriculture sector. He also refused the idea of giving subsidy to fertilizer sector as it goes against the commitment given to IMF.