图8：Landed Cost of Crude Oil and Ethanol in lndia (2023-24)

in 70% petrol, its crude oil imports are assumed to decrease by 30%o. India could save a total of $ 4.57 billion annually from a 30%o reduction in crude oil imports, which can be used However, this can only be a short-term solution as it would increase India's reliance on imports. Consequently, this would increase India's trade deficit instead of reducing it, indicating a step backward in the country's journey toward energy security. country, India needs to strengthen its agricultural value chain to ensure an ample supply of ethanol feedstock. In addition, the country should also scale up investments in the sector