Australian petrol prices could rise 30 cents a litre under IMF oil scenario
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An IMF scenario in which prolonged Middle East conflict lifts oil to US$130 a barrel from late 2026 into early 2027 could add 30 cents a litre to Australian petrol prices and pressure the Reserve Bank to raise interest rates. Unleaded petrol has already exceeded A$2.40 a litre in major east coast cities.
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