This past week, Royal Manufacturing, Martin Lubricants, Warren Distribution and Maverick Performance Products announced finished lubricant price increases. Also announcing increases were Sunbelt Lubricants and Reliance Fluid Technologies, the latter part of the previous week.
Royal Manufacturing announced it is increasing its finished lubricants by 3% to 8% effective April 2, 2018. This is Royal Manufacturing's second price increase of the year.
Martin Lubricants announced a 4 to 10% price increase on Its SynGard®, Xtreme®, and Gard® branded products and all private label lubricants and greases effective April 16, 2018. This is Martin's second price increase of the year.
Warren Distribution announced a price increase of 5 to 8% on all lubricants effective April 9, 2018. This is Warren Distribution's second price increase of the year.
Maverick Performance Products announced a price increase of 6 to 8% on its VP finished lubricants effective April 2, 2018. This is Maverick's second price increase of the year.
Sunbelt Lubricants announced a price increase of 6 to 8% for finished lubricants effective March 21, 2018.
Reliance Fluid Technologies announced it will raise its lubricant prices by 4 to 9% effective April 9, 2018. This is RFT's second price increase of the year.
The predominant reason given for these price increases were similar to most previous increase announcements, i.e., because of continuing rise in raw materials, base oils, additives, packaging and transportation costs.