Oil price spike may raise fertiliser subsidy bill by ₹70,000 cr
after close1 source ↓written by the desknot a recommendation
- in FY27
- ₹50,000-70,000 cr
- crude oil averages
- $80-90 per barrel
- may also occur
- ₹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 the government's fiscal consolidation, potentially impacting the fiscal deficit ratio and budget targets. A revenue shortfall of ₹1.3 lakh cr may also occur due to elevated oil prices.
Not investment advice. For informational purposes only.