ISLAMABAD: Finance Minister Ishaq Dar on Wednesday chaired a meeting to review stock of fertilizer and prices in the country and announced to reduce the urea price by Rs 70 per bag. The meeting was attended by the federal minister for petroleum, the concerned federal secretaries and the representatives of fertilizer industry led by Fauji Fertilizer Company managing director. The meeting noted that there is a need to take urgent measures to achieve reduction in urea prices as international prices of urea had declined. The price of locally manufactured urea also required to be reduced for the benefit of farmers.