It sounds like you have a leaking injector. Read through this post as it will almost certainly be the same problem. http://www.honestjohn.co.uk/forum/post/index.htm?t=91541
It will need fixing sooner rather than later or you will end up needing a new turbo as well.
I wouldn't think it should be too expensive to fix, as long as you take it to a diesel specialist who has worked on this engine before & knows EVERYTHING that needs to be done.
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