Engro Fertilizers takes lead to reduce Urea price by Rs 160

MG News | January 31, 2020 at 04:07 PM GMT+05:00

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January 31, 2020: Engro Fertilizers (EFERT) has welcomed the decision of Government of Pakistan to reduce GIDC on urea. In line with the decision and to support the valued farmers of the country, EFert 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. EFert is passing on the full impact of the Government decision, given the particular mix of gases being received by the Company.

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