economyAustralia
IMF oil-price scenario could raise Australian fuel prices
An IMF scenario involving prolonged Middle East disruption and oil prices reaching $US130 a barrel could raise Australian petrol prices, increase inflation and add pressure on the Reserve Bank to raise interest rates.
130USD/barrel
In the IMF scenario, global oil prices reach $US130 a barrel between the fourth quarter of 2026 and the first quarter of 2027.