This past week, Old World Industries and BP Lubricants USA/Castrol announced finished lube price increases as shown below.
Old World Industries on January 29, 2018, announced it will raise finished lubricant prices by 6 to 10% effective February 12, 2018. Old World attributed the increase to recent increases in raw material and distribution costs.
BP Lubricants USA / (Castrol) on January 29, 2018 advised its customers of up to 6% price increase on Castrol and BP branded passenger car, commercial and synthetic lubricants excluding industrial effective March 12, 2018. BP Lubricants attributed the adjustment to escalation in the costs of base oils, additives, packaging, and transportation.
During the past couple weeks, Safety-Kleen, CITGO, ExxonMobil, Chevron, Phillips 66, Petro-Canada America, Royal Manufacturing, Smitty's Supply, Warren Distribution, Nu-Tier, Shell (SOPUS Products), Martin Lubricants, Advanced Lubrication Specialties, Sinclair Lubricants, Chemlube, Total Specialties USA, Allegheny Petroleum, Cam2 and Pinnacle Oil notified their customers of a price increase on finished lubricants, as follows:
Nu-Tier Brands announced January 18 that it will implement an increase of 6 to 8% on its finished lubricants effective February 19, 2018.
On January 18, 2018, Safety-Kleen Systems, Inc. / Kleen Performance Products (KPP) announced it will implement a price increase of between 5% and 8% on finished lubricants, effective February 19, 2018.
On January 22, 2018, Chevron announced a general price increase of all lubricating oils and greases up to 5% effective on March 1st, 2018.
ExxonMobil announced on January 22 that its branded and unbranded Passenger Vehicle Lubricants, Commercial Vehicle Lubricants, Industrial and Marine lubricants and greases will increase in price by up to 6% effective February 26, 2018.
Royal Manufacturing announced on January 22 it will increase the price of its finished lubricants by 5 to 8% effective February 26, 2018.
On January 23, 2018, CITGO announced it will implement a general finished lubricant price increase of 5% - 8% on branded and private label products effective February 23, 2018.
Smitty'y Supply announced on January 24, it is implementing a price increase on bulk and packaged products effective February 12. Bulk and packaged lubricants will be increase between 6 and 10%. Packaged greases will increase by 3 cents per pound.
Warren Distribution announced on January 24 a price increase of 6 to 9% on all its lubricants effective February 26, 2018.
On January 24 Petro-Canada America announced it will, by up to 6% across-the-board, increase lubricant prices, excluding process oils and Purity FG white oils effective February 23. Process oils and Purity FG white oils whose increase was previously announced will go up an additional 10 cpg on the same date.
On January 25, Phillips 66 Lubricants announced it will raise finished lubricants prices by up to 6% effective March 5.
Total Specialties USA on January 26 announced a 4 to 8% price increase on TOTAL branded lubricants effective February 26.
Allegheny Petroleum on January 26 announced a price increase of $0.25 per gallon for all of its lubricant products effective February 26.
On January 15th, 2018, SOPUS Products announced that it will implement a price increase of up to 5% on finished lubricants, effective February 19, 2018.
On January 18, Martin Lubricants announced a general price increase on SynGard, Extreme and Gard branded products. This increase will also apply to private label lubricants and greases. Prices will increase on most products in the range of 4 to 7% per gallon based on product category effective February 19.
Advanced Lubrication Specialties on January 16 announced it will increase the price of its finished lubricants by 6 to 10%, effective February 5, 2018.
Sinclair Lubricants on January 17 announced it will implement an increase of up to 6% on its finished lubricants, effective March 1, 2018.
Chemlube advised its customers on January 18 it will increase prices on its Savannah products by 20 to 25 cents per gallon, due to the increase in cost of raw materials used in manufacturing lubricants effective February 5, 2017.
Pinnacle Oil on January 19 announced it will increase the price of its bulk and packaged lubricants by 6 to 10% effective after February 5, 2018.
Cam2 International announced a price increase ranging between 6% to 10% on bulk and packaged lubricants and greases effective February 5, 2018.