Urea makers link price cut with gas supply

Fertiliser manufacturers have linked the reduction in urea prices with the supply of gas from the Mari gas field. The unanimous decision of the Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) was conveyed by Fauji Fertiliser Company Managing Director and CEO Jhanagir Paracha to federal Minister for Industries and Production RanaTanveer Hussain during a meeting on Wednesday. Mr Paracha, who led a delegation of the fertiliser industry during the meeting with the minister, said all fertiliser plants should be supplied gas from the Mari field under bilateral arrangements in accordance with the applicable gas pricing policies. Mr Paracha also presented FMPAC’s proposal to the minister, demanding that the government ensure uninterrupted gas supply to the fertiliser industry for the next 10 years from the Mari gas field.