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UP govt cuts urea prices

Press Trust of India  |  Lucknow 

In a major relief to farmers, the government has reduced prices, which were increased due to hike in rates.

In a decision taken on Thursday night, announced the cut in prices, a said.

Now, a 45 kg bag of that retailed at Rs 299 will be available for Rs 266.50, while the 50 kg urea bag will be sold for nearly Rs 299 as against Rs 330.50 earlier.

The government has decided to reduce the prices which were hiked after rise in rates due to increase in VAT prices, the said.

The step has been taken in view of the central and state government's target of doubling farmers' income by 2022.

Farmers had been demanding availability of urea at the rates similar to ones being charged in other states, and the has taken this decision, honouring the sentiments of farmers, the said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 13:40 IST