The correct option is D decreased, proportional to −12
Let before immersed in oil the capacitance is C , potential is V.
and field , E=V/d where d= separation of plates.
After immersed in oil the capacitance becomes C′=kC=2C and potential becomes V′=V/2 becasuse C=QV.
Now filed , E′=V′/d=12(V/d)=E2