ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain said that fertilizer companies must not be allowed to take undue profit.
Steps should be taken to ensure uniform price of the urea fertilizer across the country for the convenience of farmers, he said while chairing a meeting of the Fertilizer Review Committee.
The minister regretted that the fertilizer companies had raised the prices of urea without realizing the plight of farmers. He asked the companies to roll back the recently increased urea prices on their own, or otherwise the government would fix the same.
The minister said that as per report of the competition commission of Pakistan, the fertilizer companies are already earning huge profit as there profit margin is quite high in comparison to the production cost. They should pass on benefits to the farmers۔
It was suggested by the forum that all the fertilizer companies and dealers should charge same price of the urea, he reaffirmed, adding the government had decided to get conducted third party audit to determine their cost of production and profit margin.
The minister said the government was committed to ensure uninterrupted supply of gas to the fertilizer industry.
