Economy‘Clear and present danger’: Australian fuel prices could rise 30¢ a litre under IMF scenario

An IMF scenario in which a worsening Middle East crisis drives oil to $US130 a barrel could add 30 cents a litre to Australian petrol prices and leave inflation higher than forecast. Economists said this could increase pressure on the Reserve Bank to raise rates, though they differed on whether a response would be necessary.

AustraliaIMFoil pricesinflation

TThe Guardian★★★☆☆2026-10-13 02:00Original