Oil price spike may raise fertiliser subsidy by ₹70,000 cr
pre-market1 source ↓written by the desknot a recommendation
- in FY27
- ₹50,000-70,000 cr
- crude oil averages
- $80-90 per barrel
- due to elevated
- ₹1.3 lakh cr
India's fertiliser subsidy bill could rise by ₹50,000-70,000 cr in FY27 if crude oil averages $80-90 per barrel. This increase poses challenges to fiscal consolidation and may impact the budgeted fiscal deficit target. The report from Bank of Baroda highlights potential revenue shortfalls of ₹1.3 lakh cr due to elevated oil prices.
Not investment advice. For informational purposes only.