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<DIV><FONT face=Arial size=2><STRONG><FONT size=3>Petrol prices set to rise
further</FONT></STRONG></HEADLINE><!-- Class 'push-0' just right-aligns the element so that the main content comes first. -->
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<DIV class="cT-storyDetails cfix"><CITE>June 22, 2009</CITE> </DIV><BOD>
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<P>The price of petrol nationally has hit an eight-month high of $1.24 a litre
as oil prices head higher, with more pain at the bowser on the
way.<BR> <BR>The biggest rise was in Tasmania where the average price rose
by 2.5 cents a litre to $1.29, fresh data from the Australian Institute of
Petroleum shows.</P>
<P>Commonwealth Securities economist Savanth Sebastian warned there was more
price increases on the way for motorists.</P>
<P>''CommSec expects pump prices to jump by a further five cents a litre in the
next fortnight,'' Mr Sebastian wrote in a market update.</P>
<P>''In Australian dollar terms, Singapore gasoline rose from $98.15 a barrel to
$98.50 a barrel over the week.''</P>
<P>Crude oil rose to an eight month intraday high of $73.23 a barrel earlier
this month on investor optimism that the US economy, suffering through its worst
recession in decades, may bounce back by the end of the year.</P>
<P>However, recent economic data has been mixed, reflecting an economy still
struggling to right itself.</P>
<P><SPAN
style="FONT-WEIGHT: bold">AAP</SPAN></P></DIV></DIV></FONT></DIV></BODY></HTML>