Pinnacle Oil announced it will increase the price of its bulk and packaged lubricants by 6 to 10%. The increase will go into effect after February 5, 2018. Pinnacle attributes the increase to the rising costs of raw materials.
Advanced Lubrication Specialties (ALS) announced it will increase the price of its finished lubricants by 6 to 10%. The increase goes into effect on February 5, 2018. Advanced Lubrication Specialties attributes the move to increasing costs of raw material and transportation.
Martin Lubricants announced that effective February 16, 2018, it will implement an increase of 4 to 7% a gallon on its SynGard®, Xtreme®, and Gard® branded products. Martin attributes the move to the increased cost of raw materials used in production.
Chemlube advised its customers that due to the increase in cost of raw materials used in manufacturing lubricants, it will increase its prices on its Savannah products by 20 to 25 cents per gallon. The increase goes into effect February 5, 2017.
Sinclair Lubricants announced that effective March 1, 2018, it will implement an increase of up to 6% on its finished lubricants. Sinclair attributes the move to the increased cost of raw materials used in production.
As reported in the January 12th and 15th issues of JobbersWorld, CAM2 and Shell previously announced lubricant price increases. The dates and percentages of those increases and others are shown below:
|Company||Announced Date||Effective Date||Increase|
|CAM2||1/12/2018||2/5/2018||6 to 10%|
|SOPUS Products (Shell Lubricants)||1/15/2018||2/19/2018||up to 5%|
|Advanced Lubrication Specialties (ALS)||1/16/2018||2/5/2018||6 to 10%|
|Sinclair Lubricants||1/17/2018||3/1/2018||up to 6%|
|Chemlube||1/18/2018||2/5/2018||20 to 25 cpg|
|Martin Lubricants||1/18/2018||2/16/2018||4 to 7%|
|Pinnacle Oil||1/19/2018||2/6/2018||6 to 10%|