Consider the statement given below followed by two conclusions. Decide which of the conclusions follows from the information given in the statement.

Statement :
Domestic demand has been increasing faster than production of indigenous crude oil.

Conclusions :
I. Crude oil must be imported.
II. Domestic demand should be reduced.

The given statement states that "domestic demand has been increasing faster than production of indigenous crude oil."
This means the country's demand would be greater than its current production, or supply. 

In this case, we must look for a conclusion to address the issue mentioned in the statement. So, Either of the given conclusions would follow because:
I. This would resolve the issue of meeting demand if production is less than demand.
II. This could help tackle the issue by balancing the demand with the available supply.

Therefore, Option C is the correct answer.