Two More Price Increases
Reliance Fluid Technologies (RFT) announced at the start of the month that it would immediately increase the price of its finished lubricants by approximately 6%. The increase was effective December 1, 2017.
DuBois Chemicals announced on November 30, 2017 that it will increase the prices on its industrial products and services by 3 to 7%. The increase is effective January 1, 2018. DuBois attributes the increase to the rising cost of alkaline, zinc, surfactant, transportation, and packaging. This will be the first price increase DuBois has made in several years.
Round 3: Price Increase Summary
The following is a summary of the price increases JobbersWorld reported on for the third round of price increase is 2017
Lubricant Manufacturers Round 3 |
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| Company | Announced Date | Effective Date | Increase |
| Kleen Performance Products | 9/6/2017 | 9/6/2017 | 60 to 80 cpg |
| ExxonMobil | 10/20/2017 | 11/20/2017 | up to 6% |
| Chevron | 10/24/2017 | 12/4/2017 | up to 6% |
| Warren Oil | 10/25/2017 | 11/17/2017 | 4% to 9% |
| Chemlube | 10/26/2017 | 11/20/2017 | 20 to 25 cpg |
| Advanced Lubrication Specialties (ALS) | 10/26/2017 | 11/13/2017 | 6 to 10% |
| CAM2 | 10/26/2017 | 11/15/2017 | 4 to 9% |
| Smitty’s Supply | 10/26/2017 | 11/15/2017 | 20 cpg Bulk 25cpg Packaged Lubricants 3cpp Packaged Greases |
| Phillips 66 | 10/27/2017 | 12/1/2017 | 6% |
| Nu-Tier Brands | 10/27/2017 | 11/17/2017 | up to 6% |
| Sinclair Lubricants | 10/27/2017 | 12/11/2017 | up to 6% |
| Old World Industries | 10/30/2017 | 11/13/2017 | up to 8% |
| Warren Distribution | 10/31/2017 | 11/27/2017 | 6 to 9% |
| Allegheny Petroleum | 10/31/2017 | 11/8/2017 | 30 cpg |
| Petro-Canada | 10/31/2017 | 12/1/2017 | up to 6% |
| Valvoline | 11/1/2017 | 12/1/2017 | up to 5% |
| D-A Lubricant | 11/1/2017 | 12/1/2017 | up to 6% |
| CITGO | 11/2/2017 | 12/4/2017 | 4 to 8% |
| SOPUS/Shell | 11/6/2017 | 12/11/2017 | up to 6% |
| BP Lubricants/Castrol (including industrial) | 11/7/2017 | 12/11/2017 | up to 6% |
| Total | 11/9/2017 | 12/11/2017 | up to 6% |
| Amalie | 11/17/2017 | 12/16/2017 | 32 cpg Oil and Automotive Chemicals, 4 cpp greases |
| DuBois Chemicals | 11/30/2017 | 1/1/2018 | 3 to 7% Industrial products and services |
| Reliance Fluid Technologies (RFT) | 12/1/2017 | 12/1/2017 | approx. 6% |
| Pinnacle Oil | 11/15/2017 | 5 to 7% | |
Increase
Quick Stats for the Three Rounds of Price Increases in 2017
| Days from the Start of Round 1 to the Start of Round 2 | 63 Days |
| Days from the Start of Round 2 to the Start of Round 3 | 205 Days |
| Average Price Increase for Round 1 | 5.79% |
| Average Price Increase for Round 2 | 5.75% |
| Average Price Increase for Round 3 | 6.28% |
CLICK HERE FOR A TIMELINE OF ALL THREE ROUNDS OF PRICE INCREASES IN 2017
