19 March 2026 Emerging Asia Monitor India should be able to stomach oil at $150 this year; main risk is 2027

Oil at $150 should pose no urgent CPI risk to India; fiscally, it’s better placed to manage this shock…
…Main threat would be higher imported inflation from late-2026, as the CA deficit would blow up.
Indonesia could see an 11% rise in subsidised fuel prices this year—more than in 2022—with $150 oil.

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