Prices on the Move UP
Whereas Shell Oil Products US was the first major to announce a general price increase in 2013, BP/Castrol announced on Friday of last week that it too will be increasing its prices. Other price hikes seen in 2013 are shown below:
Petro-Canada advised its marketers in the US that the price of its white oils and process oils will increase by 3% effective April 11. This increase was announced March 13.
CAM2 announced a price increase on March 22, 2013. Its conventional and synthetic blend lubricants sold in bulk will move up by $0.20 a gallon on April 5. Packaged lubricants will go up by $0.25 a gallon on April 12. There will be no change in the price of its synthetics. The price of its grease will increase by $0.03 a pound.
Shell Oil Products US (SOPUS) announced a general price increase of up to 4% on its lubricants. This increase was announced on March 11 and is effective April 15, 2013. SOPUS says the increase was in part due to increased costs of raw materials used in the production and delivery of its products.
BP/Castrol announced a general price increase on March 29, increase up to 4% on all passenger car, commercial and ancillary lubricants, including synthetics. This increase is effective May 6, 2013.
Amalie announced an increase of $0.24 a gallon on all automotive and chemical products. This increase is effective May 1, 2013.
Old World also announced an increase.