India: expenditure on fuel subsidy 2025

Government spending on fuel subsidy in India was estimated to be over 122 billion Indian rupees in the financial year 2024, a drastic increase from previous year's figures. One of the reasons for the hike in fuel subsidy is considered to be the additional money granted to LPG cylinder subsidy for Pradhan Mantri Ujjwala Yojana beneficiaries for ensuring clean cooking fuel to rural and deprived households.

Spending on fuel subsidy in India from financial year 2015 to 2023, with estimates until 2025 (in billion Indian rupees)

Characteristic	Spending in billion Indian rupees
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Release date

February 2024

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Region

India

Survey time period

FY 2015 to FY 2023

Supplementary notes

*Revised estimate

**Budget estimates

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of January 2024).

Values have been rounded for clarity.

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