This past week, Chemlube, Royal Manufacturing, Old World Industries, Martin Lubricants and Pinnacle Oil announced finished lubricant price increases.
Chemlube announced on March 27 it will increase the price of its Savannah lubricants by 4 to 7%. These increases go into effect on April 20, 2017. Chemlube attributes the increases to the higher price of base oils and additives.
Royal Manufacturing announced it is increasing all finished products by 4 to 8% effective May 1, 2017. Royal Manufacturing said the increase is due to increases in base oils and additives.
Pinnacle Oil announced on March 28 it will increase the price of its finished lubricants by 5 to 9%, effective April 18, 2017. Pinnacle attributes the increase to the higher price of raw materials.
Martin Lubricants announced a general price increase of up to 4 percent on its SynGard, Xtreme, Gard and Unimark products effective April 24. The increase will also apply to its private label lubricants and greases.
Old World Industries (markets the PEAK brand) announced on March 28 it will increase the price of its finished lubricants by up to 8%, effective April 21, 2017. Old World attributes the increase to the higher price of raw materials.
Last week we reported that Amalie, Calumet, Castrol, Cam2, Warren Distribution and Smitty's Supply announced finished lubricant price increases, in the range of 20 to 35 cents per gallon, and/or by 4% to 9%.