Fertiliser-makers reduce urea rates.

Following the abolition of gas infrastructure development cess (GIDC), fertiliser manufacturers have reduced urea prices in order to pass the benefit on to farmers - the major fertiliser buyers.

Fauji Fertiliser Company (FFC) and Fauji Fertiliser Bin Qasim Limited (FFBL) reduced urea prices by Rs300 to Rs1,700 per 50kg bag. Similarly, Engro Fertilisers pushed down its urea price by Rs150 to Rs1,850 per bag.

"All the companies reduced their prices according to the cess imposed on them," said Saqib Hussain, research analyst at...