Cabinet approves gas supply at discounted rates to AGL & Fatima

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The cabinet has endorsed the choice of the economic coordination committee of the cabinet to supply gas to two fertilizer plants that are operated by Agritech Limited and Fatima Fertilizer Limited at discounted rates for time of a quarter of a year with the alteration that the three-month time frame would be determined from July 26 to October 27, 2020. 

A gas tax of Rs.756 per Mn British warm units (mmbtu) – with a variable commitment edge of 119% of income has been offered to Agritech Limited and Fatima Fertilizer for a quarter of a year from July to October. 

The government’s offer at this gas rate has been evaluated by taking RLNG’s informed rate for June, which would be roughly Rs.0.959 Bn. Further installment by the government for value differential to Sui Northern Gas Pipelines Limited (SNGPL) will change because of the distinction between month to month paces of RLNG. 

The NFDC has anticipated that the national urea stock would be under 200,000 tons before the finish of December 2020 and had exhorted the legislature to either import 200,000 tons or give appropriation to the shut urea plants.