Potato (Solanum tuberosum L.) has been remained an important agricultural crop in resolving global food issues through decades. The crop has experienced enormous growth in terms of production throughout the world in recent decades because of improvement in agricultural mechanization, fertilizers application and irrigation practices. Nevertheless, a significant proportion of this valuable crop is still vulnerable to losses due to prevalence of different viral, bacterial, fungal and nematodes infestations. Late blight, caused by Phytophthora infestans (Mont.) de Bary, is one of the most threatening pathogenic diseases which not only results in direct crop losses but also cause farmers to embrace huge monetary expenses for disease control and preventive measures. The disease is well known for notorious ‘Irish Famine’ which resulted in drop of Irish population by more than 20% as result of hunger and potato starvation. Globally, annual losses of crop and money spend on fungicides for late blight control exceeds one trillion US dollars. This paper reviews the significance of late blight of potato and controlling strategies adopted for minimizing yield losses incurred by this disease by the use of synthetic fungicides. Advantages and disadvantages of fungicides application are discussed.