PennStar Announces Up to 12% Price Increase on Finished Lubricants, Cites Middle East Tensions and Supply Pressures
PennStar, LLC has notified customers of an immediate price adjustment across its full line of lubricants, with increases of up to 12% on finished products. The company pointed to rapidly evolving global conditions, including escalating geopolitical tensions in the Middle East that have driven sharp rises in diesel fuel and transportation costs. At the same time, ongoing increases in raw material prices and supply chain disruptions affecting key additives and base oils are adding further pressure.
To ensure fair distribution and avoid product shortages, PennStar said all orders will now be reviewed for potential allocation.