Amid concerns of a possible increase in fertilizer prices on account of the situation in West Asia, the Union Cabinet here on Monday approved an increase of about 12% in nutrient-based subsidy for Phosphatic and Potassic (P&K) fertilizers for the ongoing kharif crop season. Effective April 1 and up to September 30 this year, the tentative budgetary requirement for the subsidy will be ₹ 41,533.81 crore. “This is approximately ₹4,317 crore more than the budgetary requirement for kharif 2025 season. The budget for kharif 2025 was ₹ 37,216.15 crore,” the Union Government said in a release issued after the meeting of the Cabinet.