February 18, 2010 4:52 PM

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Centre decides to raise urea price by 10%

The government has decided to raise the retail price of urea by 10 per cent and allowed manufacturers to fix the rates of DAP and MOP fertilisers. <br/><br/>The decisions, a part of new nutrient-based subsidy or NBS scheme approved by the Cabinet today, will be effective from April 1, this year. <br/><br/>At present, the maximum retail price of urea is 483 rupees a quintal, while DAP costs Rs 935 a quintal and MOP 445.50 rupees a quintal. Under NBS, subsidy is given to nutrients – nitrogen, phophorus, potash and sulphur – contained in the fertiliser.<br/><br/>It will also do away with the maximum retail price. However, the government will continue to fix the MRP of widely used fertiliser urea.<br/>

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