Step 1: Understanding the Concept
For a parallel plate capacitor, \(C=\dfrac{K\varepsilon_0A}{d}\).
Step 2: With oil
With \(K=3\), \(C=\dfrac{3\varepsilon_0A}{d}\).
Step 3: Without oil
Air has \(K\approx1\), so \(C'=\dfrac{\varepsilon_0A}{d}=\dfrac{C}{3}\).
Final Answer:
The new capacitance is \(\dfrac{C}{3}\).
\[ \boxed{\text{(B) }\dfrac{\text{C}}{3}} \]