Base Oil Prices Move Higher Again as Petro-Canada Adds 40 Cents

Petro-Canada Lubricants advised customers that it will increase prices on its paraffinic base stocks by $0.40 per gallon, effective with shipments on or after August 14, 2026.

The increase applies to Group II 100N, 200N, 350N, and 650N, as well as Group II+ 65N and 100N.

In its notice, Petro-Canada said its priority remains maintaining supply continuity and transparency during what it described as a “prolonged period of geopolitical uncertainty.” Individual price quotations will be provided separately.

While the 40-cent increase is modest compared with some of the base oil adjustments seen earlier this year, it comes at a time when base oil costs remain elevated and the market continues to work through supply disruptions and changing trade flows.

Much of the industry’s attention in recent months has centered on Group III, where Middle East supply disruptions drove prices sharply higher. Group II, however, has also moved significantly, adding to the cost pressures facing lubricant manufacturers.

As JobbersWorld has reported, those pressures have not been evenly felt across the market. Suppliers are carrying different levels of exposure to base oil costs, inventories, contracts and replacement costs, and pricing actions have varied by supplier and product.

For lubricant blenders and distributors, the broader issue remains the cumulative effect of higher base oil and additive costs and how much of those increases can be recovered in finished lubricant pricing.