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Sciencereporter magazine price India imported 212.7 million tonnes of crude oil in 2016-17. It is estimated that a 15% Methanol blending can result in replacement of around 31.9 million tonnes of crude oil, which would in turn lead to significant foreign exchange savings for the country. At least 20% diesel consumption can be reduced in the next five to seven years resulting in a saving of Rs 26000 crores annually; Rs 6000 crores can be annually saved from reduced bill in LPG in the next three years, and when blended with gasoline it will further reduce our fuel bill by at least Rs 5000 crores annually in the next three years best science magazines in india