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Govt to reform urea policy; price hike not on cards

Govt to reform urea policy price hike not on cards Government plans to bring changes in the urea policy to boost domestic production, but it is unlikely to increase the price of the soil nutrient.

Urea, which is under government’s control, is being sold at a highly subsidised rate of Rs 5,360 per tonne. The difference between the maximum retail price (MRP) and the cost of production is reimbursed to manufacturers as subsidy by the central government.

“Without increasing urea prices, there will be far reaching reforms in the sector,” a highly placed source told PTI when asked about whether there is plan to decontrol urea.

– PTI