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Statement Should the oil companies be allowed to fix the price of petroleum products depending on market conditions? Arguments I. Yes, this is the only one way to make the oil companies commercially viable. II. No, this will put additional burden on the retail price of essential commodities and will cause a lot of hardship to the masses.

if only Argument I is strong
if only Argument II is strong
if neither I nor II is strong
if both I and II are strong

Correct Answer: if only Argument II is strong

Explanation:

We know that, oil is an essential commodity and its prices govern the price of other essential commodities.Also, the common people must be taken care of. Hence, Argument II holds strong.

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