Afton Chemical to Increase Lubricant Additive Prices and ExxonMobil Pulls Back on Base Oil Prices
Afton Chemical to Increase Lubricant Additive Prices
Afton Chemical in the Americas, advised customers that it will be increasing its prices by up to 15%, effective April 15, 2022. The increase is said to be necessary due to the continuing and unprecedented cost inflation to source and produce lubricant additive packages.
ExxonMobil Pulls Back on Base Oil Prices
ExxonMobil advised customers that it will lower its posted base oil prices, effective March 18th. With the exception of AC 100 and SN 115, the posted price of ExxonMobil’s other types and grades of base oils will decrease by 45 cpg. The posted price for AC 100 and SN 115 will decrease by 30 cpg.