I'm sorry to hear about the itching and skin peeling you're experiencing. Since you have controlled diabetes, it's important to be cautious with skin issues as diabetes can affect skin healing and increase the risk of infections.

Your symptoms might be related to a fungal infection, which is common in people with diabetes. A commonly used treatment for such fungal skin infections is a topical cream containing antifungal and anti-inflammatory agents. One such medication is Candid-B Cream, which contains:

• Clotrimazole: an antifungal that stops the growth of fungi causing the infection.
• Beclometasone: a corticosteroid that reduces redness, swelling, and itching.

However, this cream should be used only under medical supervision, especially considering your diabetes. Avoid applying it near eyes, mouth, or other sensitive areas, and do not cover the treated area with bandages.

Important advice:

• Consult a dermatologist (skin specialist) before starting any medication to confirm the diagnosis and get the right treatment.
• Keep the affected area clean and dry.
• Maintain good blood sugar control to help skin healing.
• Avoid scratching to prevent worsening or secondary infection.

If you notice worsening symptoms, spreading of the rash, or signs of infection like increased redness, warmth, or pus, seek medical attention promptly.

Please see a dermatologist for a proper evaluation and personalized treatment plan.To narrow down potential causes, we will need some more information.Please tell me your age and gender.