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Petrol prices could rocket amid Middle East unrest

Growing civil unrest across the Middle East could inflate petrol prices by as much as 5p a litre.

The Petrol Retailers Association (PRA) warn that conflict in Syria and Egypt, oil port blockades, the reduction of Libya's oil exports by a third and a growing demand for oil from Asian markets have all impacted prices.

The cost of Brent pushed through the critical $110/barrel level last week which equates to a 10% increase since the end of June.

PRA Chairman Brian Madderson, told BBC Radio 5 live's Wake Up to Money: "The Arab Spring feels like it's moving into an Arab Winter of Discontent - and if that is the case the price of Brent crude is certainly going to push up."

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