‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario
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The Guardian – World
“‘Clear and present danger’: fuel prices could rise by 30c a litre across Australia under IMF scenario”
IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflation Follow our Australia politics live blog for latest updates Get our breaking news email , free app or daily news podcast 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…
Read at The Guardian – WorldReported by one source so far. It is confirmed when a second, independent source reports the same thing.