Shares of fertilizers companies gained in trade as the government announced it is deferring gas price hike by three months.
Natural gas is used as a raw material by fertilisers companies for manufacturing urea and other complex fertilisers. Hike in natural gas prices would have had negative impact on the fertiliser industry.
Cost of production of domestic urea would have increased sharply if gas price revision would have happened.
Natural gas is used as a raw material by fertilisers companies for manufacturing urea and other complex fertilisers. Hike in natural gas prices would have had negative impact on the fertiliser industry.
Cost of production of domestic urea would have increased sharply if gas price revision would have happened.
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