Fertiliser demand-supply condition reviewed.


Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting on Friday to review the demand and supply situation of fertiliser in the country.

The meeting was informed that sufficient stocks of urea and di-ammonium phosphate (DAP) were available and there was no shortage of commodities in the market.

It was noted that fake news was being spread regarding the likelihood of increase in urea prices. It was observed that there was no reason for any hike in prices and the speculation was being made by vested interests.

The minister stated that the government was planning to take measures to further reduce fertiliser prices in the days to come.

Umar gave directives that all the relevant departments should keep a close watch on the demand and supply situation and the prices of products to prevent price manipulation.

It was reported earlier that the Oil and Gas Regulatory Authority (Ogra) was seeking a nearly 214percent hike in gas prices. In this regard, the...

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