56% of annual fertiliser subsidy used up in first 4.5 months of fiscal
NEW DELHI: The elevated global prices of finished products and LNG, the major feedstock for domestic urea production, have led to the govt using up around 56% of the annual fertiliser subsidy in the first four-and-a-half months of the current financial year.
The higher spending (Rs 99,000 crore) is being seen as an indication that overall expenditure on fertiliser subsidy is set to breach the estimate of Rs 1.77 lakh crore in FY2027. A large chunk of the subsidy (Rs 77,871 crore) has been spent on imports and domestic production of urea, while Rs 21,255 crore has been utilised for imports as well as domestic production of di-ammonium phosphate (DAP), Muriate of Potash (MoP) and NPKs.
The higher spending (Rs 99,000 crore) is being seen as an indication that overall expenditure on fertiliser subsidy is set to breach the estimate of Rs 1.77 lakh crore in FY2027. A large chunk of the subsidy (Rs 77,871 crore) has been spent on imports and domestic production of urea, while Rs 21,255 crore has been utilised for imports as well as domestic production of di-ammonium phosphate (DAP), Muriate of Potash (MoP) and NPKs.
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