…and more price increase
Chemlube International advised its customers today that due to further increases in the cost of the base oils used in its lubricants, it has no choice but to increase its Savannah product prices. The increases, which will vary by product, are on the order of 5 to 8 percent. The increases are effective July 11, 2016.
D-A Lubricants announced a price increase of up to 10% on its lubricants. The increase is effective July 18, 2016. D-A attributes this increase to the multiple increases in raw material costs it has seen over the last two months.