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Motorists are set to protest in New Delhi against a flagship biofuel blending program designed to cut India’s crude oil imports and raise farm incomes. The demonstration marks the first major public backlash tied directly to the policy’s consumer impact.
1:20 AMBloomberg MarketsSummary
Motorists are set to protest in New Delhi against a flagship biofuel blending program designed to cut India’s crude oil imports and raise farm incomes. The demonstration marks the first major public backlash tied directly to the policy’s consumer impact.
Why it matters
Biofuel blending is now a retail politics issue, forcing the government to choose between consumer backlash and its farm support and energy security goals.
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