Petrol prices set to jump as global crude oil surges again

IRISH petrol prices are expected to rise above €1.20 a litre today in the wake of yesterday’s record global crude oil prices.

Soaring world prices have been triggered by fears of a row between the US Government and Iran - the world’s fourth largest oil producer.

One filling station in north Dublin - already among the dearest in the country - is likely to be charging more than €1.30.