Sunday, 02 Oct, 2022

National

Price of urea increases by Tk 6 per kg

News Desk  | banglanews24.com
Update: 2022-08-01 20:28:35
Price of urea increases by Tk 6 per kg

The government has increased the price of urea fertiliser by Tk 6 per kilogram adjusting to the international market.

However, the government still would have to provide Tk 59 as subsidy for per kg urea fertilizer.
 
The price of urea fertiliser at the farmer level has been fixed at Tk 22 from Tk 16 while Tk 20 from Tk 14 at the dealer level, which was come into effect today, said a press release.
 
At the international market, per kg urea now is being sold at Taka 81, so the government would have to provide a subsidy of Taka 59 per kg fertilizer even after increasing Taka 6.
 
In 2005-06, the subsidy for per kg urea fertilizer was only Taka 15.
 
As the price of fertilizer has increased by 3-4 times in the international market in the last year, the subsidy provided by the government has also increased by 3-4 times during the period.
 
In 2020-21, Taka 7,717 crore as the subsidy was provided by the government while it was Taka 28,000 crore during 2021-22 fiscals, the release added.
 
BDST: 2028 HRS, Aug 01, 2022
MSK/SMS

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.