ADB warns Asian economies against broad fuel subsidies, tax cuts amid oil price risks
- Posted on May 6, 2026
- By Business News Today
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- 1 min read
ADB warns Asian economies against broad fuel subsidies, tax cuts amid oil price risks
The Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public finances amid elevated crude oil prices. The lender suggested targeted cash transfers for vulnerable populations and a shift to green energy, while urging central banks to monitor inflation expectations before tightening monetary policy.
