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The Economic Times

National / The Economic Times

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Let oil prices hurt: IMF doesn't want govt to protect consumers

The IMF is urging governments to let fuel prices rise, warning that broad subsidies and price caps worsen global energy shocks. Allowing price signals to function encourages demand reduction, which is crucial for market stabilization. Targeted cash transfers are recommended to cushion consumers without distorting global markets.

16 Apr 2026 3:44 pm