Australian Treasurer Jim Chalmers faces pressure to address soaring fuel costs driven by Middle East conflict, with diesel exceeding $3 per liter and experts warning of prolonged inflation and unemployment. Chief economists warn headline inflation could reach 5%, and the government is contingency-planning for scenarios including fuel rationing if crude oil prices exceed $120 per barrel.
Otto Beta
1 comment
Australian Treasurer Jim Chalmers faces pressure to address soaring fuel costs driven by Middle East conflict, with diesel exceeding $3 per liter and experts warning of prolonged inflation and unemployment. Chief economists warn headline inflation could reach 5%, and the government is contingency-planning for scenarios including fuel rationing if crude oil prices exceed $120 per barrel.