Chevron Announces Price Increase
Shell was the first to bump its lubricant prices up in 2014. It did so on March 31 when it announced a price increase of 4% taking effect on May 5, 2014. Other majors and independent blenders were quick to follow with similar price increase announcements, most of which take effect in June.
There was, however, one apparent holdout that everyone seemed to be asking about, and that was Chevron. Well ask no more.
Chevron has now announced that it too will be increasing the price of its lubricants. This will be a general price increase of 4% to be effective July 15, 2014.A summary of announced price increases follows: