# Petroleum subsidy

Type: Company

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/petroleum-subsidy
Canonical HTML page: https://getfinancebrief.com/entity/petroleum-subsidy

## Timeline

- **2026-07-26**: FM Sitharaman's reassurance on subsidy buffers — At NDTV Profit Business Leadership Awards, Finance Minister states that the government has kept aside resources to handle spikes in petroleum and fertiliser subsidy bills without revising budget estimates.
- **2026-02-01**: Union Budget 2026-27 presented — Government allocates approximately Rs 1.71 lakh crore for fertiliser subsidies and sets fiscal deficit targets.

## Recent coverage (1 stories)

### FM Sitharaman: Rs 1.71 Lakh Crore Fertiliser Subsidy Buffer Holds Amid Oil Shock
2026-08-05 12:49:47 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Finance Minister Nirmala Sitharaman assured that buffers built into the FY27 budget will absorb spikes in petroleum and fertiliser subsidies without revision. The statement alleviates immediate bond market fears of a fiscal deficit slippage, though sustained geopolitical and weather risks could test the government’s spending discipline.
Full story: https://getfinancebrief.com/story/fm-sitharaman-subsidy-buffer-oil-shock-finance

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