More Base Oil and Lube Increases
Motiva Announces Base Oil Price Increase
Motiva announced it will increase the posted price of Group II base oil on June 15, 2022. The 100/120 and 200/220 is set to move up by 30 cpg, and the posted price for 600 will increase by 40 cpg.
Calumet Specialty Products Announces Base Oil Price Increase
Calumet announced it will increase posted base oil prices on June 20, 2022. The price for Calpar 60, 75/80, 100, 150, 325, and 600 will move up by 40 cpg, and Calpar 2500 will increase by 20 cpg. Calsol P-Series process oils are included in the adjustment.
PennStar Lubricants Set to Increase Lubricant Prices
PennStar Lubricants announced it will increase prices on finished lubricants effective Tuesday, July 5, 2022. This increase will be up to 15%, depending on product class. The adjustment is said to be necessary due to continued increases in the cost of base oils and additives, and supply chain obstacles the industry continues to face.