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

https://mins.news/en/item/97299

- The Guardian, 2026-10-13 02:00 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/oct/13/australia-fuel-prices-rise-imf-rba-us-oil-interest-rates

> 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.

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