With increase in international prices of raw materials for manufacturing P&K fertilizers and finished P&K fertilizers, the government has announced additional funds of Rs. 14,775 crore for DAP and P&K fertilizers to avoid any distress arising out of this increase says Minister of Health & Family Welfare and Chemicals & Fertilizers, Mansukh Mandaviya in a written reply in Rajya Sabha.

The Government of India has notified new NBS rates for P&K fertilizers on 20.05.2021 till Kharif season 2021 i.e. till October 2021, wherein the subsidy on P&K fertilizers has been increased in order to keep the MRP of DAP and other P&K fertilizers at affordable prices in order to mitigate/minimize the adverse effect arising due to such increase in the international prices.

The government has also statutorily fixed the MRP of 45 kg of a bag of urea at Rs. 242 per bag (exclusive of charges towards neem coating and taxes as applicable).