Last Thursday, Cam2 International notified its customers it will be increasing prices ranging between 4% and 10% on bulk and packaged lubricants and greases effective March 24, 2018. Cam2 attributed the need of this increase to the continued increase in raw components costs. Cam2 International announced on January 12, 2018 a price increase ranging between 6% to 10% on bulk and packaged lubricants and greases effective February 5, 2018.
Last Thursday, Smitty's Supply notified its customers it will be increasing prices ranging between 4% and 10% on bulk and packaged lubricants effective March 24, 2018. Smitty's attributed the increase to continued increases in raw materials used in manufacturing lubricants and greases. Smitty's Supply announced on January 24, 2018 it is implementing a price increase on bulk and packaged products effective February 12, 2018 with bulk and packaged lubricants increasing between 6 and 10% and packaged greases increasing by 3 cents per pound.
Pinnacle Oil announced last Friday it will raise bulk and packaged lubricant prices by 5 to 10%, effective March 19, 2018. Pinnacle attributed the increase to recent increases in raw material costs. Pinnacle Oil on January 19, 2018 announced it will increase the price of its bulk and packaged lubricants by 6% to 10% effective after February 5, 2018.
Approximately three weeks ago, Sinclair Lubricants announced it will implement a second price increase of up to 5% on finished lubricant products effective March 1, 2018. This increase was combined with the price increase of up to 6% announced on January 17, 2018, also effective March 1, 2018.