# Weak rupee, rising gas cost to up urea subsidy deficit: Report, ETEnergyworld

> ICRA reports that rupee depreciation and rising gas costs will push India's urea subsidy shortfall to about Rs 9,000 crore this fiscal year. The government's FY19 urea subsidy bill is projected at around Rs 54,000 crore against a Rs 45,000 crore budget allocation.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/65306-weak-rupee-rising-gas-cost-to-up-urea-subsidy-deficit-report-etenergyworld
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher import costs and a larger subsidy need point to stronger Indian urea import demand and firmer global urea prices, with knock-on effects on fertilizer costs for grain and feed producers.

## Read by commodity

- UREA: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2025-12-04 | [Weak rupee may raise fertiliser import, production costs and subsidy load \| Industry News - Business Standard](https://feedsoft.ai/events/5187-weak-rupee-may-raise-fertiliser-import-production-costs-and-subsidy-load.md) | -0.5% | +8.9% |
| UREA | 2021-09-23 | [Inside Clean Energy: Natural Gas Prices Are Rising. Here’s Why That Helps the Cleanest (and Dirtiest) Electricity Sources - Inside Climate News](https://feedsoft.ai/events/7930-inside-clean-energy-natural-gas-prices-are-rising-here-s-why-that-helps-the.md) | +2.2% | +39.6% |
| UREA | 2022-01-06 | [High feedstock cost pushes Urea Demand to reach a sky-high Value in the USA](https://feedsoft.ai/events/7643-high-feedstock-cost-pushes-urea-demand-to-reach-a-sky-high-value-in-the-usa.md) | -2.4% | -4.8% |
| UREA | 2022-01-10 | [Why the cost of fertilizer is rising](https://feedsoft.ai/events/43075-why-the-cost-of-fertilizer-is-rising.md) | -8.8% | -17.6% |
| UREA | 2024-07-16 | [Egyptian urea producers halt output on renewed gas supply disruption](https://feedsoft.ai/events/29604-egyptian-urea-producers-halt-output-on-renewed-gas-supply-disruption.md) | +0.8% | +4.6% |

## Sources

- energy.economictimes.indiatimes.com: https://energy.economictimes.indiatimes.com/news/oil-and-gas/weak-rupee-rising-gas-cost-to-up-urea-subsidy-deficit-report/64398416

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.