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Get used to high petrol prices as RBA rate hike fears return
Motorists must adapt to high petrol prices as inflation pressures rise and rate hikes loom.
Motorists brace for sustained high petrol prices as inflationary pressures mount and RBA may resume rate hikes
‘Motorists have got to get used to this particular kind of level for the time being’ as petrol prices remain high.
David Scutt, Senior Market Analyst from StoneX warns that high energy prices could entrench inflationary pressures in Australia.
The return of the excise tax has pushed petrol prices above $2 a litre, impacting consumer expectations.
High petrol prices may pressure the RBA to resume rate hikes, affecting economic conditions.
Motorists should prepare for sustained high prices until geopolitical tensions resolve.
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