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Engro Fertilizers raises urea price by Rs740 amid gas hike

11:40
March 1, 2024

March 01, 2024 (MLN): Engro Fertilizers Limited (PSX: EFERT) has increased the dealer transfer price of Urea by Rs740 per bag, less than market expectations.

While the company kept the price of imported urea unchanged.

The increase, effective March 01, follows a Rs1,350 hike by Fauji Fertilizer Bin Qasim Ltd. last month.

Gas prices for fertilizer makers on the Sui Northern Gas Pipelines Ltd. and Sui Southern Gas Co. have surged 2.75x, while those on the Mari Petroleum Co. network remain subsidized.

This has created price distortion with multiple urea prices and provided the middlemen an opportunity to pocket as much as Rs100 billion in profits, according to analysts.

It is important to note that Engro has not increased the selling price of imported urea to facilitate the government in providing support to farmers.

Copyright Mettis Link News

Posted on: 2024-03-01T11:20:32+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06950	1.06980	1.06980	1.06950	05:51 AM
3	GBP	1.24840	1.24860	1.24860	1.24840	05:51 AM
4	CHF	0.90382	0.90429	0.90429	0.90382	12:15 PM
5	JPY	158.09000	158.10000	158.10000	158.09000	05:51 AM
6	CAD	1.36780	1.36830	1.36830	1.36780	05:51 AM
7	AUD	0.65320	0.65360	0.65360	0.65320	05:51 AM
8	INR	83.40270	83.40320	83.40320	83.40270	08:00 PM
9	SAR	3.75050	3.75070	3.75070	3.75050	05:00 PM
10	AED	3.67240	3.67340	3.67340	3.67240	01:59 AM
11	HKD	7.82830	7.82840	7.82840	7.82830	05:51 AM
12	CNH	7.26210	7.26410	7.26410	7.26210	04:57 AM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.99000	37.04000	37.04000	36.99000	04:57 AM
15	MYR	4.76500	4.77000	4.77000	4.76500	08:00 PM
16	IDR	16,232.20000	16,250.40000	16,250.40000	16,232.20000	05:17 AM
17	SGD	1.36210	1.36310	1.36310	1.36210	05:51 AM
18	NZD	0.59360	0.59420	0.59420	0.59360	05:20 AM
19	MXN	17.14510	17.17510	17.17510	17.14510	05:51 AM
20	TRY	32.50600	32.51000	32.51000	32.50600	04:57 AM
21	SEK	10.76040	11.01820	11.01815	10.76041	05:51 AM
22	ZAR	18.60010	18.96010	18.96015	18.60009	05:51 AM
23	NOK	11.03580	11.04180	11.04180	11.03580	05:51 AM
24	DKK	6.97030	6.97130	6.97130	6.97030	05:20 AM
25	ARS	875.82900	875.97800	875.97823	875.82872	12:14 PM
26	BDT	108.34000	111.70400	111.70397	108.33995	04:57 AM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11430	5.11830	5.11830	5.11430	05:17 AM
29	KRW	1,376.43000	1,379.75000	1,379.75000	1,376.43000	05:17 AM
30	KWD	0.30808	0.30818	0.30818	0.30808	01:03 AM
31	LKR	293.46400	300.00500	300.00467	293.46353	04:57 AM
32	OMR	0.38476	0.38526	0.38526	0.38476	01:58 AM
33	QAR	3.64600	3.64800	3.64800	3.64600	01:59 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.37320	73.24210	73.24207	71.37317	04:57 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,638.40000	12,703.80000	12,703.82657	12,638.41518	04:57 AM
40	PHP	57.51700	57.76000	57.76000	57.51700	08:00 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	08:00 PM
43	KES	131.42100	134.22400	134.22417	131.42083	04:57 AM
44	AMD	361.53800	417.60500	417.60501	361.53810	04:57 AM
45	TWD	32.58800	32.61800	32.61800	32.58800	05:17 AM
46	XAU	2,337.48000	2,338.39000	2,338.39000	2,337.48000	05:19 AM
47	XAG	27.15820	27.20580	27.20580	27.15820	05:19 AM
48	XPT	915.55000	917.95000	917.95000	915.55000	01:59 AM
49	XPD	954.21200	962.02800	962.02800	954.21200	02:00 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,781.71000	3,865.81000	3,865.81320	3,781.71284	04:57 AM
2,213	TZS	2,549.64000	2,643.09000	2,643.08742	2,549.64257	04:57 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,530.0	0.0	0.0	230.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.32
RICHARDS BAY COAL MONTHLY	EF	106.5	0.0	0.0	-0.25
ROTTERDAM COAL MONTHLY	ET	106.3	111.3	106.0	-5.60
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	0.0	0.0	-0.19
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

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