Price Increase Summary
UPDATE: February 4, 2021
Summary of lubricant and lubricant additive price increases report by JobbersWorld as of February 2, 2021.
The need for the adjustments is attributed to base oil price hikes, as well as increases in the cost of nearly all other raw materials used in the blending and packaging of lubricants. These include lubricant additives, plastic resin, and corrugated; as well as higher transportation and manufacturing costs.
