# Engro Fertilizers raises urea price by Rs740 amid gas hike

> Engro Fertilizers raised its urea dealer transfer price by Rs740 per bag effective March 1, 2024, below market expectations. It kept the price of imported urea unchanged. The increase follows a Rs1,350 hike by FFBL last month and comes as gas prices for SNGPL and SSGC network producers have risen sharply.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: policy · region Pakistan · magnitude medium
- Page: https://feedsoft.ai/events/6435-engro-fertilizers-raises-urea-price-by-rs740-amid-gas-hike
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher domestic gas costs for fertilizer makers continue to push up Pakistani urea prices. Unchanged import pricing and the gas network split create price distortions that can benefit middlemen.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-06-22 | [Fertilizer industry hints at hike in urea price - Business Recorder](https://feedsoft.ai/events/52917-fertilizer-industry-hints-at-hike-in-urea-price-business-recorder.md) | +2.3% | +6.2% |
| UREA | 2025-10-13 | [Fertilizer prices rise amid China export limits](https://feedsoft.ai/events/22327-fertilizer-prices-rise-amid-china-export-limits.md) | -0.5% | +2.8% |
| UREA | 2026-07-16 | [France's €145M nitrogen fertilizer aid lifts up urea prices by 8% — Fertilizer Daily](https://feedsoft.ai/events/18674-france-s-145m-nitrogen-fertilizer-aid-lifts-up-urea-prices-by-8-fertilizer-daily.md) | +4.2% | +4.1% |
| UREA | 2024-02-29 | [Higher gas prices push up urea rates](https://feedsoft.ai/events/6432-higher-gas-prices-push-up-urea-rates.md) | +7.6% | +8.6% |
| UREA | 2020-09-15 | [Fertilizer: Urea price hike on the cards following denial of relaxation on GIDC payments](https://feedsoft.ai/events/51408-fertilizer-urea-price-hike-on-the-cards-following-denial-of-relaxation-on-gidc.md) | -0.7% | -5.2% |

## Sources

- mettisglobal.news: https://mettisglobal.news/engro-fertilizers-raises-urea-price-by-rs740-amid-gas-hike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.