Drivers in Scotland will start seeing a rise in costs as government figures have shown that petrol and diesel prices have hit an all-time high today.
The Mirror reports that the dramatic prices have come as the price of oil has doubled over the past year, with some analysts predicting that it could be even higher by the end of this year.
The average price of petrol initially increased last week after supermarkets pushed prices to 143.7p.
However, the price increased further today, with average price of a litre of petrol is 144.9p and diesel 148.84p.
The changes mean it now costs petrol drivers 34p extra to fill up an average 55-litre family car than it did last week.
For diesel car owners, the figure is an extra 73p.
The price increases comes after the RAC Motor Organisation said that the big four supermarkets will need to take some of the responsibility for the price increases which occurred last month.
Collectively, they upped the price of unleaded by more than 9p a litre and diesel by more than 10p to averages of 142.18p and 145.28p respectively by October 25
Asda had the cheapest petrol at 140.98p, only slightly lower than Sainsbury’s at 141.68p. Sainsbury’s, however, offered the lowest price diesel at 144.37p, just slightly less than Asda which charged 144.57p at the end of October.
The average price of motorway petrol was 158.43p on 31 October, with a record price set the day before at 158.56p. Diesel closed October at a new all-time high of 163.08p.
RAC fuel spokesman Simon Williams said: “October 2021 set records for all the wrong reasons and was a horrible month for drivers with both petrol and diesel prices hitting new heights."
The news of the price hikes comes after reports on the rising costs of living for families in the UK.
Soaring global gas prices has drastically increased household bills and has also seen multiple suppliers collapse in the wake of the crisis.
The record high gas prices has led to the sharpest increase in energy bills and has families worrying about the cost of living this Winter.
Families have been warned that they may need to "get used to higher food prices" due to the global supply chain issues that has affected goods being imported to retailers.
A rising number of Scot's are also living in financial crisis due to the pandemic and cuts to Universal Credit.
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