'Gas price rise may affect urea rate by Rs600 per bag'.

LAHORE -- An increase of 135 per cent in gas prices for urea manufacturers as recommended by the Oil and Gas Regulatory Authority (Ogra) may push urea price by Rs600 per bag.

'If the government raised the gas price by Rs300 per mmbtu for the fertiliser companies, they will be constrained to increase their product price as well to sustain,' a urea firm executive told Dawn on Tuesday.

'The government is making the right and tough call to ensure that we don't have another circular debt crisis in the gas sector, but the increased gas tariffs will push inflation rate and force us to increase our prices as well,' he added.

He added that the proposed pace of the increase in gas tariffs was not sustainable.' With the demand for other phosphorous-based fertilisers largely catered to by local...