Lubricant Price Increase Roundup (as of Jan 28, 2020)
The following is a summary of lubricant price increases reported by JobbersWorld:
Phillips 66® Lubricants, January 27, 2020, advised its marketers that it will raise finished lubricants prices up to 12% with an effective date of March 2, 2020. The increase is said to be driven by recent increases in raw material costs
Smitty’s Supply Announced a price increase on all lubricating oil, fluids, greases and automotive chemicals of up to 12% effective February 24, 2020. The increase is said to be due to increased cost of base oils associated with the manufacturing of its products.
PennStar, LLC Announced a general price increase of between 10 to 12%, effective February 24, 2020. PennStar advised its customers the increase is driven by the continuing rise in the price of base oils.
Chemlube International Effective February 13, 2020, it will increase the price of its lubricant products in the range of 7 to 12%; varying somewhat by product. The adjustment is said to be necessary due to significant increases in the costs of the raw materials used in the manufacturing of its lubricants.
Warren Oil Company Notified its customer there will be up to a $0.30 a gallon price increase on its finished lubricants, and up to a $0.04 a pound increase on greases effective February 18, 2020. Warren Oil also attributes the need for the increase to increases in the cost of raw materials.
ExxonMobil Announced it will increase the price of its lubricants in the US market by up to 12%. The increase is effective February 24, 2020.
SOPUS/Pennzoil-Quaker State 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.
Omni Specialty Packaging, Announce a price increase of 8 to 10%, effective March 1.
CAM2 International, LLC January 24, 2020 Announced a price increase of up to 12% on bulk and packaged lubricants, greases, and automotive chemical products effective February 24, 2020. CAM2 advised its customers that the increase is due to the recent increases in the price of base oils.
Chevron (Canada) January 24, 2020 Announced a general price increase in the Canada market on lubricating oils and greases up to 12%. The increase is effective March 2, 2020.
Warren Distribution, January 23, 2020, Announce a price increase of 8-12% on all lubricant products, depending on the product and package size. The new prices will go into effect with shipments on or after Monday, February 24, 2020.
RelaDyne January 23, 2020 Announced a general increase of 12%. Certain products, including synthetics, may fall outside of the general 12% increase. The increase is effective on order placed after February 24, 2020.
Old World Industries January 22, 2020 Announced a price increase of up to 12% on all finished lubricants effective February 21, 2020. The increase is said to be due to increased cost of raw materials and logistics that have been passed on to Old World.
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 Announced on January 17th there will be a $0.33 a gallon price increase across the board for all Purity FG WO White Mineral OiI 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.
Chevron (U.S.) 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.
Sinclair, 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 1st, 2020.
AOCUSA/AMALIE 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 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.