More Price Increases in Round 2
Nu-Tier Brands announced a general increase of 6 to 8% on all its finished lubricants. The increase is effective April 16, 2018. Nu-Tier attributes the adjustment to the increasing costs of raw materials and manufacturing.
Total announced a price increase of 3 to 5% on its branded lubricants effective April 30, 2018. This increase is being driven by the continuing rise in base oils, additives and other materials used in the manufacturing of lubricants.
Round 2 Lubricant Price Increase Summary
|Company||Announced Date||Effective Date||Increase|
|Sinclair Lubricants||2/12/2018||3/1/2018||up to 5%|
|CAM2||3/1/2018||3/24/2018||4 to 10%|
|Smitty’s Supply||3/1/2018||3/24/2018||4 to 10%|
|Pinnacle Oil||3/2/2018||3/19/2018||5 to 10%|
|Allegheny Petroleum||3/5/2018||3/24/2018||4 to 8%|
|Advanced Lubrication Specialities (ALS)||3/29/2018||6 to 9%|
|Sunoco||3/29/2018||6 to 9%|
|Chemlube||3/7/2018||3/26/2018||5 to 8%|
|Reliance Fluid Technologies (RFT)||3/7/2018||4/9/2018||4 to 9%|
|Sunbelt Lubricants||3/8/2018||3/21/2018||6 to 8%|
|PennStar||3/9/2018||3/19/2018||6 to 10%|
|Martin Lubricants||3/12/2018||4/16/2018||4 to 10%|
|Warren Distribution||3/12/2018||4/9/2018||5 to 8%|
|Maverick Performance Products||3/7/2018||3/26/2018||5 to 8%|
|Royal Mfg||3/13/2018||4/2/2018||3 to 8%|
|Omni Specialty Packaging||4/23/2018||5 to 8%|
|ExxonMobil||3/22/2018||4/23/2018||up to 10%|
|Chevron||3/28/2018||5/7/2018||up to 10%|
|Nu-Tier||3/28/2018||4/16/2018||6 to 8%|
|Total||3/29/2018||4/30/2018||3 to 5%|
CLICK FOR COMPLETE LIST OF LUBRICANT PRICE INCREASES IN 2018 ROUND 1
Click on the Timeline Below to See All Effective Increase Dates in 2018
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A must have report for manufacturers, marketers, buyers and others looking to understand price drivers and communicate the reasons for price increases to customers.
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