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In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.
Statement:
(I) Petrol prices are increasing in the economy.
(II) The price of crude oil in international market has not shown reasonable increase.
Conclusions:
(I) The inflation has hit various commodities like petrol in the country.
(II) Demand for petrol is increasing but supply has not picked up with the same rate, hence resulting into hike in prices.
The main reason for the increase of price of goods and services is inflation. Since there is increase in price of petrol, inflation has hit the commodity like petrol in the country. Hence conclusion I follows the given statements.
Conclusion II is one of the reason for the increase in price of petrol but it is not the definite reason. Hence conclusion II do not follow the given statements.
$$\therefore\ $$Only conclusion I follows the given statements.
Hence, the correct answer is Option D
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