India, May 27 -- India's fertiliser subsidy bill could cross Rs 3 lakh crore in the current fiscal if the disruptions resulting from the West Asia crisis prolong, a senior Government official has said.

The budgetary allocation for fertiliser subsidies in 2026-27 stands at Rs 1.71 lakh crore, but the subsidy bill is set to rise due to a sharp increase in prices of urea, Di-Ammonium Phosphate (DAP) and other soil-nutrients in the global market.

At a conference organised by the Indian Council for Research on International Economic Relations (ICRIER) on Monday, Krishna Kant Pathak, joint secretary in the Department of Fertilisers, asserted that the government currently has sufficient stocks of fertilisers, almost 20 million tonnes. He infor...