Moody’s says petrol and diesel prices may need to rise
In short
Moody’s Ratings said petrol and diesel prices will likely need to go up at some point. It expects the 2026 baseline crude oil price to be $90-$110 per barrel.
This matters because higher fuel costs can affect consumers and inflation. The report does not say when prices will rise or by how much.
What the reporting says
Moody’s Ratings said retail prices of diesel and petrol will have to be raised at some point. The comment was tied to its expectation that the 2026 baseline crude oil price will be in the $90-110 per barrel range. The report does not say when price changes would happen or how large they might be.
Why it matters
Moody’s Ratings linked a likely future rise in retail petrol and diesel prices to its expectation that 2026 baseline crude oil will be $90-110 per barrel. That could matter for consumers, transport costs and inflation, but the reporting does not say when any price change would occur. No specific company action or government decision was stated.