NEW UREA PRICING POLICY
The New Pricing Scheme
for urea units shall come into effect from 1.4.2003. Under the
Scheme, the units shall be placed in six groups based on vintage
and feedstock, for determining the group based concession rates.
These groups are: pre-1992 gas based units, post-1992 gas based
units, pre-1992 naphtha based units, post-1992 naphtha based units,
Fuel Oil/Low Sulphur Heavy Stock (FO/LSHS) based units and mixed
energy based units. The mixed energy based group shall include
such gas-based units that use alternative feedstock/fuel to the
extent of more than 25 per cent as admissible on 1.4.2002.
The group concession
rate on 1.4.2003 would computed on the data of the units on 31.3.2003
as applicable. To determine that, the retention prices as notified
for 1.4.2002 would be taken as the base and the adjustment on
the basis of 8th pricing period for the remaining period,
i.e. 1.4.2002 to 31.3.2003, shall be made before the end of financial
year 2003-2004.
This information
was given by Shri Sudhdev Singh Dhindsa, Minister of Chemicals
& fertilizers, in a written reply to a question in the Lok
Sabha today.
