ISLAMABAD - The representatives of fertilizer industry Tuesday assured the Government that they would take the recent price hike back if gas supply was restored to this sector. They clarified that the price increase on fertilizer prices was due to the 45 days winter gas loadshedding instead of 30 days, gas curtailment of 20 per cent on Sui based plants and 12 per cent gas curtailment on Mari based plants since May 2010. The decision regarding price hike would be taken after restoration of gas to the industry, they added. A meeting of the Price Review Committee was held here Tuesday under the Chairmanship of Minister for Industries & Production. The meeting was attended by the minister for food and agriculture, minister for agriculture punjab, secretary agriculture sindh, senior officers from finance, MINFA, petroleum and natural resources and ministry of water and power, planning commission, NFC and the fertilizer manufacturers. The meeting looked into the different possibilities of improving gas supply to the fertilizer industry. It was also decided in the meeting that the import of 0.225 million tons of urea would be fast tracked to ensure availability of urea in the market at reasonable price. The price of urea in the international market was $ 376 FOB that translated into around Rs. 2012 per 50 kg bag. The off take of urea during the last two months has been more than normal which gave a signal of hoarding. The provincial governments were directed to take appropriate legal action against hoarders.