‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario - short news
IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflation
An International Monetary Fund scenario where global oil prices jump to US$130 a barrel over coming months could push Australian petrol prices up by another 30 cents per litre and pile pressure on the Reserve Bank to hike interest rates, economists say.
In its latest World Economic Outlook, the IMF modelled the impact on global growth and inflation from a worsening..
source: The Guardian - 13.10.2026