In many countries today, everyday necessities like food and petrol have become very expensive. What factors may have caused this situation and what, in your opinion, can/should be done about it?

In

this

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present world, the consumption of

food

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and

petrol

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has become very expensive to fulfil everyday necessities. In my opinion, the primary reasons for these problems are

countries

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failing to produce local products and lack of alternatives.

This

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essay will explain what might caused

this

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situation with relevant examples and what should be done to tackle

this

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problem.

Firstly

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, many

countries

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who could not be independent to produce their own necessities might rely on their supply to other

countries

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.

For example

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,

at the end

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of 2022, the

price

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of Indonesian fertilizers surged when the Russia-Ukraine conflict occurred.

This

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is because Russia stopped exporting their fertilizers to other

countries

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and unfortunately, the majority of

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Indonesia

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Indonesia's

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fertilizer was produced by Russia at that time, which led to the

price

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volatile

Replace the word

volatility

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dramatically.

As a consequence

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, up until now, the fertilizer

price

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in

Indonesia

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remains expensive because

Indonesia

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failed to balance their supply and demand.

Secondly

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, lack of alternatives for certain

food

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and

petrol

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could be another reason why the

price

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become very expensive.

For instance

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, the type of fuel that most

Indonesian

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Indonesians

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consume is gasoline, which is not renewable. The production of gasoline keeps on decreasing each day because of the increase in

Indonesia

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's population which could lead to

energy

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scarcity. To suppress its demand, the

government

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imposed a tax to secure the

energy

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source because they did not have any option to substitute gasoline. In my opinion,

government

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legislators should create persuasive regulations to solve

this

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problem. As an illustration, the

government

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could give endowment by creating a competition for young entrepreneurs

that

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who

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have a vision and mission to address the relevance of imported goods. Another suggestion, in terms of protecting

energy

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security,

government

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should amend the regulation of

total

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the total

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energy

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mix, especially for renewable

energy

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, and subsidize their residents who use electric vehicles. In conclusion, the problem why

food

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and

petrol

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price

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is increasing day by day in many

countries

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,

it

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apply

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is because the

countries

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might not be independent in producing their own products and failed to explore

food

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and

petrol

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substitutes. After a thorough analysis of

this

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subject, it is predicted that

government

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regulations play a pivotal role in arousing public awareness

such

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as creating business competition endowments and supporting renewable

energy

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vehicles by giving subsidization to their residents.