The First Major to Move
For those who read the issue of JobbersWorld published on Friday, January 12th, it’s clear that at least two lubricant manufacturers were working their financial spreadsheets and evaluating various courses of action to address the base oil and additive price increases taking effect this month. This became clear only hours after we published that issue when Cam2 announced a price increase. See JW Evening Edition – Jan-12. Next was Shell.
SOPUS Products (Shell Lubricants) announced today that it will increase the price of its finished lubricants by up to 5%. The increase goes into effect on February 19, 2018. Shell attributes the move to increasing costs of raw material and delivery of its products.
News On the Wire
- Tata Motors bets big on Genuine Oil for Commercial Vehicles
- Citgo says it will keep its headquarters in Houston
- Caltex launches its auto engine lubricant in a refreshed packaging
- Disrupting the internal combustion engine – from within
- Saudi oil company stakes its claim at Detroit auto show
- How Internal Combustion Engine Bans Could Catalyze Big Oil Concerns