ExxonMobil, SOPUS, Nu-Tier Brands/Gulf Lubricants, and Petro-Canada Announce Increases
- SOPUS/Pennzoil-Quaker State Company advised its marketers of a price increase of up to 12%, effective February 24, 2020. The increase is said to be due, in part, to increased cost of raw materials used in production and delivery of its products.
- ExxonMobil advised its marketers today that it will increase the price of its lubricants in the US market by up to 12%. The increase is effective February 24, 2020.
- Nu-Tier Brands / Gulf Lubricants announced a general price increase of 10% to 12% effective February 20, 2020 on all finished lubricants. The increase is said to be necessary due to rising costs associated with raw materials and manufacturing.
- Petro-Canada advised its distributor on January 17th there will be a $0.33 a gallon price increase across the board for all Purity FG WO White Mineral Oil and a $0.30 a gallon increase for its Paraflex HT Process Oils, except HT 100 which will increase by $0.25 a gallon. These increases are effective on February 17, 2020.
Other lubricant price increases recently reported by JobbersWorld include:
Chevron Announces Price Increase
January 16, 2020
Chevron advised its marketers in the US that the company will increase the price on all lubricating oils and grease in the US by up to 12%. The increase is effective February 24, 2020.
January 16, 2020
Due to increasing costs of raw materials, Sinclair Lubricants announced it will be implementing a price increase of up to 10% to 12% on finished lubricant products effective March 1, 2020.
AOCUSA/AMALIE Announces Price Increase
January 14, 2020
AOCUSA/AMALIE announced an across the board price increase for all oil and automotive chemical products, as well as all private labeled products. The increase will move all of its oil prices up by $0.32 a gallon effective February 13, 2020. The price for the company’s grease products and automotive chemicals will increase by $0.04 a pound on the same day. There will, however, be no increase for antifreeze and brake fluid products. Amalie attributes the need for the increase to the higher cost of additives, base oils, corrugated and transportation it has absorbed over the last few months.
TOTAL Specialties USA Announces Price Increase
January 3, 2020
TOTAL advised it US customers that it will be increasing its lubricant prices on February 3, 2020. The increase will move its Navastane prices up in the range of $0.40 a gallon, Quartz 9000, INEO & Racing up $0.25 a gallon, grease up by $0.06 a pound and all other products by $0.15 a gallon. TOTAL says the increases are a result of continued escalation of logistics, taxes on imports, and the costs of some raw materials.