Cause- The government has recently increased its taxes on petrol and diesel by about 10 percent. Which of the following can be a possible effect of the above cause?
(a) The petroleum companies will reduce the price of petrol and diesel by about 10 percent.
(b) The petroleum companies will increase the prices of petrol and diesel by about 10 percent.
[c] The petroleum companies will increase the prices of petrol and diesel by about 5 percent.
(d) The petrol pump will stop selling petrol and diesel till the taxes are rolled back by the government.
(e) None of above.

Explanation

3, The petroleum companies will reduce the prices of petrol and diesel by about 5 per cent.