[amp_mcq option1=”has” option2=”have” option3=”is” option4=”are” correct=”option3″]
The correct answer is C. is.
The price of kerosene oil is a singular noun, so it takes the singular verb is.
A. has is incorrect because it is a plural verb.
B. have is incorrect because it is a plural verb.
D. are is incorrect because it is a plural verb.