Interim Budget 2024: Govt clears gas mkting fee for fertilizer units

New Delhi: The Cabinet on Thursday approved determination of marketing margin on supply of domestic gas to fertiliser (urea) units for the period from May 1, 2009 to November 17, 2015.

“This approval is a structural reform,” Ministry of Petroleum & Natural Gas said in a release.

Marketing margin is charged by gas marketing companies from consumers over and above the cost of gas for taking on the additional risk and cost associated with marketing of gas. The government had previously determined marketing margin on supply of domestic gas to urea and LPG producers in 2015.