The Government of India has recently made it mandatory for oil marketing companies to blend 5% ethanol with petrol. Which of the following is/are the likely consequence/ consequences of the policy ?1. Lower India's dependence on fossil oil2. Reduce fuel import billSelect the correct answer using the code given below–

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2