July 3, 2020 (MLN): The Ministry of Industries and Production submitted a proposal to the Economic Coordination Committee (ECC) on Friday, which stated that the national inventory for Urea fertilizer would be below the buffer stock level of 200,000 metric tonnes in the months of December 2020 to February 2021.
The ECC took up the proposal and decided that in order to cover this gap and maintain the buffer stocks at the required level, gas at the rate of Rs 756 MMBTU be provided to two shutdown plants at SNGPL networks, namely Agritech and Fatima Fertilizer, for three months w.e.f. July-September.
This would involve the GoP’s share at Rs 959 million much less than the revenue spent previously on using these plants to produce the Urea fertilizer to cover up the shortage.
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