More Majors Move
In addition to the price increase JobbersWorld reported earlier today, Chevron also announced an increase…
Chevron announced a price increase of up to 5% on its finished lubricants and greases. The increase is effective March 1, 2018. Chevron attributes the increase to the higher cost of raw materials.
Other increases reported by JobbersWorld today include:
ExxonMobil announced that effective February 26, 2018, it will implement an increase of up to 6% on its branded and unbranded lubricants and greases.
Royal Mfg announced it will increase the price of its oils and greases by 5 to 8%. The increase will go into effect on February 26, 2018. Royal Mfg attributes the increase to the rising cost of base oil and additives.
Safety-Kleen advised its customers that due to the increase in cost of base oils, additives, and other raw materials used in manufacturing and transporting products, it will increase its prices on its finished lubricants by 5 to 8%. The increase goes into effect February 19, 2017.
As of today, the list of companies JobbersWorld reported on that have announced lubricant price increases in 2018 is shown below:
|Company||Announced Date||Effective Date||Increase|
|CAM2||1/12/2018||2/5/2018||6 to 10%|
|SOPUS Products (Shell Lubricants)||1/15/2018||2/19/2018||up to 5%|
|Advanced Lubrication Specialties (ALS)||1/16/2018||2/5/2018||6 to 10%|
|Sinclair Lubricants||1/17/2018||3/1/2018||up to 6%|
|Chemlube||1/18/2018||2/5/2018||20 to 25 cpg|
|Martin Lubricants||1/18/2018||2/16/2018||4 to 7%|
|Safety-Kleen||1/18/2018||2/19/2018||5 to 8%|
|Pinnacle Oil||1/19/2018||2/6/2018||6 to 10%|
|Royal Mfg||1/22/2018||2/26/2018||5 to 8%|
|ExxonMobil||1/22/2018||2/26/2018||up to 6%|
|Chevron||1/22/2018||3/1/2018||up to 5%|