oil effect

     EFFECT OF OIL PRICE IN ECONOMY 

Price of oil effects on whole economy of a country, due to which transport ticket prices and other problem occurs.

increase in the rate of oil effects the transport. As the price of fuel increases, so the transporters also increase the rate of tickets,therefore this became a serious problem for the passengers.

due to high price of oil, smuggling of oil also occurs. In addition,when the price of oil is increase, what the smugglers do that they just smuggle oil from their source, plus they start selling that oil by mixing other impurities.

effects in goods transferring. When price of oil is too high. Then the truck owners also don’t transfer well from one place to another because the price of oil is out of their budget.

All in all from the above paragraph it can be easily said that when the price of oil is high , it effects the whole economy.

syed zeeshan ul hasan

roll no#153