Engro Fertilizers adjusted urea prices due to a significant gas price hike, following a similar move by FFBL. This increase comes amid concerns about uneven gas pricing across fertilizer companies.
Fertilizer companies on the SNGPL and SSGC networks face a 175% gas price surge, while those on the Mari network enjoy subsidized gas. This disparity creates price distortion in the market, with FFBL’s urea priced at Rs 5489/bag compared to Engro’s Rs 4647/bag.
Industry analysts urge the government to standardize gas prices for all fertilizer companies. This would eliminate price manipulation by middlemen and stabilize the urea market for farmers. Additionally, increased revenue from eliminating subsidies could be directed towards agricultural development projects.
