ECC approves reduction in GIDC to Rs 5/MMBTU for fertilizer manufacturers

MG News | January 29, 2020 at 07:56 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 29, 2020 (MLN): Ministry of Energy, Petroleum Division via notification, has informed that the ECC of the Cabinet, in its meeting held on Jan 20, 2020, has approved reduction in GIDC on gas consumed by Fertilizer Manufacturers to Rs 5/MMBTU so that this benefit could be passed on to the farmers.

The summary on ‘Reduction in Price of Urea in Proportion to Reduction in GIDC’ was submitted by the Ministry of Industries & Production on Jan 18, 2020.

Copyright Mettis Link News

Related News

PSW, PAA digitize cargo charges to streamline air trade

SECP proposes new VC law to unlock startup funding

SBP plans new currency notes, Rs10 may be phased out

Name	Price/Vol	%Chg/NChg
KSE100	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,480.00	79,360.00 78,140.00	-530.00 -0.67%
BRENT CRUDE	85.85	87.15 85.41	-2.73 -3.08%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.20 0.18%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	79.93	81.31 79.62	-2.43 -2.95%
SUGAR #11 WORLD	17.29	17.39 17.14	0.02 0.12%