More Lubricant Price Increases
May 11, 2021
BP Lubricants USA announced a price increase of up to 10% on certain Castrol and BP passenger car and commercial and synthetic lubricants. The increase is effective July 15, 2021. According to marketers, BMW and EDGE Professional Jaguar Land Rover/Volvo exclusive products are excluded from the price adjustment. In addition, the effective date for the ePODS increase is August 13, 2021.
May 7, 2021:
Nu-Tier Brands / Gulf Lubricants announced a general price increase of 10% to 15% effective June 7, 2021 on all finished lubricants and greases. The company attributes the price increase to rising costs associated with raw material and manufacturing.
Chemlube International announced yesterday that it will raise its Savannah lubricant product prices. The increases, which will vary somewhat by product, will be up to 15% with an effective date of June 2, 2021. The price adjustments are said to be due to significant increases in the costs of the raw materials (base oils and additives) used in the manufacture of its lubricants as well as the cost of transport.
Advanced Lubrication Specialties announced it will implement a price increase of up to 12% on all finished lubricants and greases. The increase is effective June 7, 2021. The company attributes the price increase to another rise in the cost of raw materials.
JobbersWorld – May 4, 2021:
Safety-Kleen announced yesterday that it will increase prices on all lubricants and related products by 12%, effective June 1, 2021. The adjustment is necessary due to significant increases in the cost of raw materials used in the manufacturing of lubricants.
Total Specialties USA advised customer on April 28 that it will adjust the prices on all lubricants, greases, and other specialties products by an amount up to 15%. The increase is effective June 1, 2021. Total attributes the need for the increase to the higher cost of base oils, additives, and packaging.
JobbersWorld – April 29, 2021:
ExxonMobil customers were notified today of a finished lubricant price increase. The increase is up to 12%, effective June 1, 2021 and said to be due to imbalances in the supply and demand of raw materials.
Sinclair Lubricants announced today that it will be implementing a price increase of up to 12% on finished lubricant products effective June 1, 2021. The increase is due to increasing raw materials; major base oil companies announcing a 5th round increase.