Another Major Moves, and More
Shell Oil Products US (SOPUS) announced it will implement a price increase of up to 10% on its finished lubricants. The increase is effective July 16, 2018. Shell says the increase is due in part to increasing raw material and delivery costs.
Shell is the second major to move in the third round of lubricant price increases in 2018. As reported in the June 5th issue of JobbersWorld, ExxonMobil was the first major to announce a price increase in the third round when it advised its marketers of an increase of up to 10% on finished lubricants, effective July 1, 2018.
Lubriplate Lubricants Company advised its marketers of a price increase on all LUBRIPLATE Brand and FISKE Brand Lubricants. Lubricants based on mineral oil will increase by 7% and synthetic/long-life lubricants will be adjusted up by 4%. The effective date of the increase is August 13, 2018. Lubriplate attributes the increase to the higher cost of base oils, additives, and packaging. The price of SYNXTREME HT MAX, L0331-002 will not be increased.
Round 3 Lubricant Price Increase Summary
|Company||Announced Date||Effective Date||Increase|
|Sinclair Lubricants||5/8/2018||7/1/2018||10 to 12%|
|Sunoco||5/16/2018||6/16/2018||4 to 6%|
|Advanced Lubrication Specialties||5/16/2018||6/16/2018||4 to 6%|
|CAM2||5/18/2018||6/16/2018||4 to 9%|
|Smitty’s Supply||5/18/2018||6/16/2018||4 to 9%|
|U.S. Lubricants, Commerce, CA||5/18/2018||6/17/2018||$0.40/gal lubricants $0.05/lb greases|
|Chemlube||5/22/2018||6/11/2018||5 to 9%|
|Maverick Performance Products||5/22/2018||6/18/2018||4 to 8%|
|Allegheny Petroleum Products||5/23/2018||6/18/2018||6 to 8% on bulk, additional 2% on drums and totes|
|Warren Distribution||5/23/2018||6/25/2018||4 to 8%|
|PennStar||5/23/2018||6/15/2018||6 to 10%|
|Old World Industries||5/24/2018||6/30/2018||4 to 9%|
|ExxonMobil||6/1/2018||7/1/2018||up to 9%|
|TOTAL Specialties USA||6/8/2018||7/1/2018||4 to 6%|
|Nu-Tier Brands/Gulf/ECOSE||6/11/2018||7/13/2018||6 to 8%|
|Shell||6/13/2018||7/16/2018||up to 10%|