Hallo Krishnakumar,
I agree with mr. Hughes, even higher viscosity oils will lose their inherent functionality with regard to viscosity if continuously diluted and this can not be remedied with selecting a higher viscosity.
Assuming the application is an engine, by the oil grade referred to, you should perhaps approach your OEM and speak to them about a something like the CUMMINS Centinel. It extracts a certain volume of oil from the sump and dispenses it into the fuel while "sweetening" the oil by topping it up. Rely on simple timer system and replenish oil at a fixed rate regardless of engine’s duty cycle.
It will definitely not solve major fuel dilution problems BUT it prolongs your oil drain intervals, reduce maintenance costs and convert used oil to productive energy - it is not a sales pitch but mere information sharing and I hope it does not add to confusion.
Have a great day.