SOPUS and PennStar Announce Lubricant Price Increases
SOPUS Announces Increase
SOPUS announced its second lubricant price increase in 2022. With and effective date of April 15, 2022, the price of SOPUS lubricants will increase by up to 25%.
PennStar, LLC Announces Increase
PennStar announced it will be increase the price of its finished lubricants by up to 18%, effective March 28, 2022. The increase is said to be due to the current conditions throughout the world and the escalating increases in raw materials including base oils, additives, resins, combined with substantial increases in transportation.
Summary of Recent Lubricant Price Increases Report in JobbersWorld: