Fertiliser Association of India (FAI) warned that the natural gas pricing formula suggested by the Rangarajan Committee, if implemented, would raise the price of urea considerably. At present there is a production of about 18 million tonne of urea using natural gas in the country. An increase of $1 per million BTU will increase the total cost of p
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FAI opposes gas pricing formula of panel
Fertiliser Association of India (FAI) warned that the natural gas pricing formula suggested by the Rangarajan Committee, if implemented, would raise the price of urea considerably. At present there is a production of about 18 million tonne of urea using natural gas in the country. An increase of $1 per million BTU will increase the total cost of p