As the price of oil is increase ,automatically the price of each and every thing also become high.Oil is the fact which run all the process in the universe after human efforts.Oil is basic need of all types of industries,power sectors,nuclear plants,all kinds of transport.when their is shortage of oil or its price going to increase it produce bad effect on econmy of any country.All the sectors which have very need of oil have to on high prices and after their process they also sale their products on high prices,due to this fact poor citizen of any country mostly suffered by this act.By increasing the price of oil ,tickets of all types all trasport is also increased.In short oil is the back bone of economy of any country which leads the country to the development and economical growth.  
saqib abbas
roll # 152