KARACHI: Engro Fertilizers has announced reduction of urea prices by Rs160 per bag effective from February 01, 2020.
A statement on Friday said that Engro Fertilizers welcomed the decision of the government to reduce Gas Infrastructure Development Cess (GIDC) on urea.
In line with the decision and to support the valued farmers of the country, Engro Fertilizers has decided to fully pass on the benefit of change in GIDC rates by announcing a 160/bag reduction in urea prices, effective February 1, 2020.
It is worth highlighting that the impact of reduction in GIDC varies for different fertilizer manufacturers. Engro Fertilizers is passing on the full impact of the government decision, given the particular mix of gases being received by the company.
Engro Fertilizers has been a trusted partner of Pakistani farmers for over 50 years and is committed to their well-being by promoting improved farm economics.
In continuation of its past commitment, Engro Fertilizers has taken the lead in urea price reduction to support the farmer-friendly decision of the government.