Petrol prices hitting record 14-year highs in Australia

Petrol prices are set to reach 14-year-highs in some parts of the country as the cost of filling up the tank continues to rise.

The capital cities are feeling the worst of the pinch, with prices in some places peaking at about $2 a litre.

Perth in particular is in the firing line, where prices today are set to hit record highs.

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Experts say there's a combination of factors behind the price hikes.

Global oil prices continue to rise, along with domestic and international supply and demand.

Australians are also likely to continue seeing those prices increase, particularly as the world hits the top of the fuel cycle.

Global oil prices could even top $100 a barrel, which would undoubtedly increase the pain at the pump.

Drivers are advised to shop around to make sure they're saving what money they can on filling up.