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India’s ethanol policy did not fully shield consumers from an oil shock

An opinion column argues that India’s ethanol program did not protect the country from an oil shock, with subsidies bearing much of the burden. It concerns national energy costs and policy exposure.

By DoomRadar · Published on DoomRadar .

Why it matters

Energy-price shocks and subsidy costs can affect inflation and public finances.

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  1. OPINION | Ethanol didn't shield India from oil shock. Mainly subsidies borne by government and OMCs did ↗moneycontrol.com · Recorded source date: Aug 24, 2026, 6:16 AM UTC

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