Costco hikes Kirkland motor oil price as global oil costs surge

Costco has increased the price of its exclusive Kirkland Signature full-synthetic motor oil, raising it to around $58 per two-pack from approximately $30 last year.

The wholesale club operator is also limiting customers to purchasing only two boxes of the motor oil per week.

This move comes as oil prices continue to climb due to ongoing tension in the Middle East, with Brent crude prices rising above $109 per barrel on Monday morning.

The price increase and purchase limit may be a blow to customers already dealing with high grocery prices and inflation worries.