{"id":31036,"date":"2022-10-04T13:15:39","date_gmt":"2022-10-04T07:45:39","guid":{"rendered":"https:\/\/plyinsight.com\/?p=31036"},"modified":"2024-03-09T12:29:49","modified_gmt":"2024-03-09T06:59:49","slug":"unsubsidized-urea-will-see-a-price-hike","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/unsubsidized-urea-will-see-a-price-hike\/","title":{"rendered":"Unsubsidized Urea will see a price hike"},"content":{"rendered":"

 <\/p>\n

\n

Unsubsidized Urea will see a price hike<\/strong><\/span><\/p>\n

\n

Domestic prices of natural gas were raised by 40 per cent to record levels.<\/span><\/p>\n

The decision, taken during the government\u2019s biannual exercise of fixing the rate for the next six months, took effect on October 1.<\/span><\/p>\n

Industry insiders expect a 10-15 per cent increase in pooled gas prices for the fertilizer sector.<\/span><\/p>\n

This is also expected to push up the cost of producing urea because gas prices account for 80-85 per cent of the raw material cost of producing urea.<\/span><\/p>\n

The fertilizer sector uses pooled gas, which comprises domestic gas and imported liquefied natural gas (LNG). The pooled gas price in August 2022 was around $25 Million metric BTU (MMBTU) and has jumped by almost three times in less than two years.<\/span><\/p>\n

This, in turn, is expected to raise the government\u2019s fertilizer subsidy bill. According to the last projections, the central fertilizer bill was estimate to have swelled to around Rs2.3 trillion as against the budgeted Rs1.05 trillion.<\/span><\/p>\n

The balance sheets of fertilizer companies are already under strain owing to rising input costs. The only saving grace is that in the case of gas almost all of the increase adds to the government\u2019s subsidy bill.<\/span><\/p>\n

Ply & panel Industry may get a major setback on the urea price. More\u00a0 over strictness from government is very much apprehensive.<\/span><\/p>\n

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\"IMF's\"\"<\/p>\n

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\n\t\t\t\n\n<\/head>\n\n \n \"Natural\"\n \"Natural\"\n <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

  Unsubsidized Urea will see a price hike Domestic prices of natural gas were raised by 40 per cent to record levels. The decision, taken during the government\u2019s biannual exercise of fixing the rate for the next six months, took effect on October 1. Industry insiders expect a 10-15 per cent increase in pooled gas […]<\/p>","protected":false},"author":1,"featured_media":31037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3529],"tags":[],"class_list":["post-31036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-november-news-22"],"yoast_head":"\nUnsubsidized Urea will see a price hike - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/unsubsidized-urea-will-see-a-price-hike\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unsubsidized Urea will see a price hike - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"  Unsubsidized Urea will see a price hike Domestic prices of natural gas were raised by 40 per cent to record levels. 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