Is MRP of Urea fixed by Government of India? What is the Maximum Retail Price (MRP) of Urea in India?

Yes, The MRP of urea is statutorily fixed by the Government of India and at present, it is Rs. 242 for a 45 kg bag / Rs. 268 for a 50 Kg bag of urea / bag of urea which includes Rs. 354/MT as dealer margin for private traders/PSUs/Cooperatives and Rs. 50/MT which is paid to retailers for acknowledging the receipt and reporting the stock in mFMS / iFMS as additional incentive.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               These rates are exclusive of GST or applicable tax and other charges towards coating like in case of Neem Coated, it is 5% extra and in case of other coated (Zinc / Boron etc.), it is 10%.