The Centre's fertiliser subsidy bill is set to soar by 62 per cent over the budgeted amount to Rs 1.3 lakh crore this fiscal due to the massive rise in raw material prices despite lower demand, says a report.An unprecedented spike in natural gas prices and other raw materials is set to inflate the fertilisers subsidy bill by a whopping 62 per cent or Rs 50, 000 crore to Rs 1, 30, 000 crore this fiscal over the budgeted Rs 79, 530 crore. This is despite sales volume declining 10 per cent from the
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2021-12-06 00:00:00.0