Effective May 15, 2017, CITGO will implement a general price increase of up to 4% to 6% on its branded and private label lubricants. CITGO says the increase is driven primarily by escalations in base oil and additive costs occurring over the past several months.
Valvoline announced an increase of up to 4% on its branded lubricant products. This increase takes effect June 1, 2017. Valvoline attributes this adjustment to increases in the cost of raw materials and higher manufacturing and distribution costs.
The average time from the date the lubricant manufacturers JobbersWorld reported on in Round 2 – 2017 to the effective date of the increases is 20 days. Interestingly, there is a significant difference in the number of days from announcement to effective dates between the majors and other blenders, as illustrated below and shown in Table 1.
CLICK FOR LARGER IMAGE
Table 2
PRICE INCREASES REPORTED ON BY JOBBERSWORLD
IN ROUND 2 OF 2017
Lubricant Manufacturers Round 2 |
|||
| Company | Announced Date |
Effective Date |
Increase |
| Amalie | 3/17/2017 | 4/21/2017 | 24 cpg lubes, 3 cpp grease |
| Calumet | 3/20/2017 | 4/20/2017 | 4 to 6% |
| Castrol (excluding industrial) | 3/22/2017 | 5/1/2017 | up to 3% |
| CAM2 | 3/23/2017 | 4/17/2017 | 20 to 35 cpg |
| Warren Distribution | 3/24/2017 | 4/24/2017 | 6 to 9% |
| Smitty’s Supply | 3/24/2017 | 4/24/2017 | 4 to 6% |
| Chemlube | 3/27/2017 | 4/20/2017 | 4 to 7% |
| Pinnacle Oil | 3/28/2017 | 4/18/2017 | 5 to 9% |
| Reliance Fluid Technologies (RFT) | 3/28/2017 | 4/28/2017 | 6 to 9% |
| Old World Industries (PEAK) | 3/28/2017 | 4/21/2017 | up to 8% |
| Allegheny Petroleum | 3/28/2017 | 4/17/2017 | 20 to 35 cpg |
| Warren Oil Company | 3/28/2017 | 4/24/2017 | 4 to 9% |
| Kleen Performance Products | 3/29/2017 | 4/17/2017 | 5 to 12% |
| ExxonMobil | 3/31/2017 | 5/10/2017 | up to 4% |
| Chevron | 4/3/2017 | 5/15/2017 | 4 to 6% |
| Advanced Lubrication Specialties (ALS) | 4/3/2017 | 4/24/2017 | 5 to 9% |
| Nu-Tier Brands | 4/4/2017 | 4/24/2017 | 4 to 7% |
| Phillips 66 | 4/5/2017 | 5/10/2017 | 4 to 6% |
| Petro-Canada | 4/5/2017 | 5/5/2017 | up to 6% (excluding white oils and process oil) |
| SOPUS/Shell | 4/10/2017 | 5/15/2017 | up to 4% |
| CITGO | 4/11/2017 | 5/15/2017 | 4 to 6% |
| Valvoline | 4/11/2017 | 6/1/2017 | up to 4% |
