Fertiliser industry wants higher gas price in new urea policy.

The article reports on the effort of the fertiliser industry for a higher cap on urea cost than the proposed 340 U.S. dollars a tonne for the purpose of calculating subsidy to the new plants. The fertiliser industry is doing its effort to maximize the benefit from the New Investment Policy in Urea. The Fertiliser Association of India (FAI) demands that the band of prices for gas be extended to at least 20 U.S. dollars in the light of low domestic supply and an expected price increase.