SOPUS Announces Increase, combines with previous
SOPUS (Pennzoil-Quaker State Company) announced it will implement a price increase of up to 15%, effective June 15, 2022. This increase applies to the list prices for all finished lubricants sold by SOPUS (Shell, Pennzoil and Quaker State). The adjustment is reportedly driven by the continued increases seen in the costs for base oils, additives, packaging, and freight.
To reduce complexity for customers, SOPUS is combining this increase with the previous adjustment announced on April 29th (up to 10%, effective 6/1/2022). The combination of the two adjustments will increase prices by up to 15%, effective 6/15/2022.