High oil prices is bad for economy:

The sentence high oil prices is bad for economy is true in majority of cases but in some cases where country is oil exporting but in many cases like ours is valid because of many reasons. Here one of the main reasons is being discussed: electricity is being produced in our country mainly from oil which cost about 20-25 per unit but from coal this is about 8-12 per unit unfortunately oil mafia has forced our former prime minister that our power stations our running from oil till thar coal is finally made to be utilized that period is about 5 years from now. That means whenever oil prices is increased electricity rate is being increased if government made subsidies then it pressures our treasury. If government not made subsidies then it causes our exports more expensive as a result they could not compete in international market so they could get orders. In short this also pressurized our economy so only options are to get out of electricity from oil and shift to coal this gets a small relief to our economy.