Friday, July 15, 2011

Current urea price in Pakistan

Due to gas curtailment to its new plant 'Enven' Engro frtilizer has increased urea price by Rs125 to Rs1,575 per 50kg bag(Now in Jan 2012 , it has come to 1580 after further increase). This is the 4th increase in last 7 months. Other fertilizer companies will follow suit soon.
In January 2012, Engro increased Rs100/bag in price of urea due to gas curtailment. Later on, after the imposition of GST, t Rs135/bag was increased. And in April last year, as a result of lower gas supplies from Qadirpur and other major gas fields, Engro further added Rs64 in urea prices. While now to cover the losses due to gas supplies cut, Engro has once again increased the price by Rs125, which amounts to Rs445 per bag in total in 7 months.
Current price of urea in Pakistan now is Rs 1580/50kg bag (JAN 2012).

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