Sky-high oil prices give India, South Korea, Australia, Japan governments a headache as voters head to polls

Feb 19, 2022 | INVESTING

Soaring petrol prices are fanning inflation and causing a headache for governments and central banks worldwide. In countries across Asia with elections coming up, they are an extra headwind for the incumbents.Voting is already under way in Indian state elections and South Korea holds a presidential poll in early March. There’s also an Australian general election and a contest for the upper house in Japan in the next few months.Oil’s relentless march toward triple figures has already prompted…

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