Fertiliser price expected to rise by Rs200 per bag

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KARACHI: Following the government’s decision to withdraw the Gas Infrastructure Development Cess (GIDC) ordinance, the fertilizer industry is set to increase urea price by Rs200 to compensate for the cost incurred from the levy. “The industry will increase urea prices,” confirmed Sunny Kumar, an analyst at Topline Research. “However, it is not confirmed when the hike is going to take place.”

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