Valvoline Announces Lubricant Price Increase
Valvoline advised its marketers that it will be increasing finished lubricant prices by up to 5%. The increase is effective March 1. As with most price increases in the first round for 2018, Valvoline attributes the increase to the higher cost of raw materials and increases in manufacturing and distribution costs.
Although Valvoline is the last major lubricant supplier in the US to announce a price increase in 2018, they are not the last to move. Whereas Valvoline’s increase is effective March 1, Castrol is the last major to move. The effective date of Castrol’s increase is March 12, 2018.CLICK FOR COMPLETE LIST OF LUBRICANT PRICE INCREASES IN 2018