​Given below is a statement followed by two possible conclusions I and II. Read the information carefully and select the correct option.

Statement:

Country B has been importing 80% of its crude oil and petroleum from country Y for a few decades now to fulfil their fuel needs. However, owing to the current financial crisis in country Y, it exports the crude oil and petroleum to other countries at 30% higher prices now.

Which of the following can be concluded from the given information?

I. The car resale industry in country B will be on verge of a total shut down in the coming months.

II. Country B will increase fuel tax by 30%.

Country B imports 80% of its crude oil and petroleum from country Y. Due to the financial crisis in country Y, crude oil and petroleum are now being exported to other countries at 30% higher prices.

"The car resale industry in country B will be on the verge of a total shutdown in the coming months."

The statement provides no information about the car resale industry or its direct dependence on crude oil prices. While higher fuel prices could indirectly affect car usage or sales, there’s no evidence to suggest the entire car resale industry will shut down.
Conclusion I is invalid.

"Country B will increase fuel tax by 30%."

The statement mentions a 30% increase in the price of crude oil and petroleum exported by country Y. However, it does not indicate how Country B will respond to this situation. While it is possible that Country B might adjust taxes, there is no direct evidence in the statement to support this conclusion.
Conclusion II is invalid.

Thus, correct option is (a).