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JX Nippon Oil Announces Price Increase

JX Nippon Oil & Energy USA Inc, parent company of ENEOS announced on September 25th a general price increase of up to 15% effective October 12, 2020 on its ENEOS line of bulk lubricants products. The company attributes the increase to rising costs associated with raw materials and logistics along with a significant rise in base oil prices.

Summary of Lubricant Price Increases Announced as of September 29, 2020

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