21-July-2025
Economy News
 
Fertiliser subsidy may overshoot BE as DAP costs spiral
19-Jul-2025

The government’s fertiliser subsidy bill for FY26 could see a rise from the budget estimates (BE) of Rs 1.67 lakh crore, owing to a steep 23% rise in global prices of Di-Ammonia Phosphate (DAP) since the beginning of April. Sources told FE that in addition to budgetary allocation of Rs 37,216 crore towards kharif season for nutrient based subsidy (NBS) or non-urea outlay, the government will have to provide special package to fertiliser companies on account of rise in global DAP prices, The country imports two-thirds of its annual consumption of 10 million tonne (MT) of DAP.

News Source:- https://www.financialexpress.com/policy/economy-fertiliser-subsidy-may-overshoot-be-as-dap-costs-spiral-3919497/?ref=economy_hp