December 19 (SeeNews) - India can save up to USD 6.12 billion (EUR 5.74 bn) from its oil import bill if it achieves the targeted 20% ethanol mix in transportation fuel by 2021-22, says a recent study by the the University of Petroleum and Energy Studies, Dehradun.<br /><br /> The study 'Fuel Blending in India - Learnings and Way Forward', brought out along with the Centre for Study of Science, Technology and Policy, Bengaluru and New Delhi-based public policy and legislative drafting firm PLR Chambers, has also projected that achieving the target will bring about a reduction in carbon dioxide emission by up to 10.41 million tonne by 2021-22.