More Price Increases
ExxonMobil Set to Increase Lubricant Prices in July
ExxonMobil announced it will increase the price of its branded lubricants by up to 20%, effective July 5, 2022. The adjustment is said to be due to further increases in the costs of raw materials, transportation, and manufacturing.
Afton announces additive price increase
Blenders got word today that Afton Chemical will increase the price of its passenger car and diesel engine oil additives, as well as its liquid viscosity improvers by up to 15%. Other products will increase by up to 10%. The price adjustments are effective July 1,2022 and said to be driven by significant increases in the cost of raw materials.