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Government steps up measures to check fertiliser price rise

New Delhi, Thu, 15 Mar 2012 ANI

New Delhi, Mar 15 (ANI): The Central Government has taken several measures to check the rise in fertiliser prices.


Minister of State for Chemicals and Fertilisers Srikant Kumar Jena in a written reply in the Lok Sabha, on Thursday informed that the nutrient based subsidy for the year 2011-12 has been increased as compared to that of the year 2010-11 keeping in view the international price trends of DAP, Urea, MOP and Sulphur and also provided freight subsidy on fertilizers covered under the subsidy scheme.


He also said that government has announced five percent countervailing duty on all imported goods which was rolled back to one percent in case of fertilizers to reduce its impact on prices of fertilizers in the country.


"As per the NBS scheme, the market price of subsidized P and K fertilizers are open and fertilizer companies are allowed to fix MRPs at reasonable level. The fertilizer companies are regularly reporting the MRPs of fertilizers fixed by them through web based "Fertilizer Monitoring System", said Jena. (ANI)


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