YES, and I have the formula!
1 ethanoliter = 1.54 standard liters
Petrol will continue to be sold in standard liters, but ethanol will be sold in a new unit of volume called the ethanoliter, which is 1.54 standard liters. So now, with this new formula developed by Russian scientists, if you buy 20 liters of petrol or 20 ethanoliters of ethanol, both fuels will take you the same distance.*
Of course this is utter nonsense. In the real world the energy available from burning ethanol is and will always be less than the energy from petrol. There is no formula. There is no magic. The article serves some purpose known only to Gadkari and his ministry.
Notice that the article was published in April of 2022, eight months ago, and claims that many vehicles in India will be running on flex fuel by now. Have you heard anything about that? Also the "green hydrogen" running silent cars in the "coming days." Where are the headlines about that?
The bottom line: there is no magic formula.
*The paragraph in italics above is intended to be satire and is not true.