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.1). Only conclusion II follows2). Conclusion I and II both follow3). Neither I nor II follow4). Only conclusion I follows