THE IMPACT OF THE INCREASE IN FUEL PRICES ON THE PEOPLE'S ECONOMY
Abstract
Abstract. The problem of rising fuel prices is a major problem for people all over the world, not only in Indonesia. The increase in fuel prices triggers other adverse impacts that can exacerbate the condition of a society. With this, this research is intended to explore what impacts are indeed the main triggers of rising fuel prices in Indonesia by using literature, namely discussing previous findings. With the increase in fuel, production costs will increase, with production costs rising, the needs of the community such as clothing, food, feed originating from the industrial sector will also increase. This is what makes inflation in a country last a long time and continuously. This increase in fuel prices does have a bad impact, but if the efforts of the government and the community both contribute to overcoming this problem, of course it is not impossible that this problem will be resolved properly. Keywords: BBM, Increase in BBM, subsidized BBMReferences
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