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Nine News: David Murphy, Business Correspondent, reports on the effect Hurricane Katrina has had on oil prices around the world
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Six One News: David Murphy, Business Correspondent, reports that damage to oil refineries in the US, caused by Hurricane Katrina, is the reason for the surge in wholesale petrol prices
The price of a litre of unleaded petrol looks likely to rise above the €1.30 barrier in the coming days.
RTÉ News has learned that one leading retailer is to add ten cent on to wholesale prices from midnight tonight.
The surge in prices has been caused by damage caused by Hurricane Katrina to refineries in the US.
