ExxonMobil, Chevron, Chemlube, Pinnacle Oil and Old World notified U.S. customers of upcoming price increases on finished lubricants that go into effect in from about mid-April to mid-May. Factors cited included increased costs for base oils, additives and raw materials used in manufacturing.
- ExxonMobil notified customers it will increase prices by up to 4 percent on its branded and unbranded lubricants and greases effective May 10.
- Chevron announced to customers a general price increase on all lubricating oils and greases of from 4 percent to 6 percent effective May 15.
- Chemlube informed customers it would raise its Savannah product prices by 4 to 7 percent effective April 20.
- Pinnacle Oil notified customers of an increase of 5 percent to 9 percent on its finished lubricants effective April 18.
- Old World informed customers it would raise prices on its finished lubricants up to 8 percent effective April 21.
They join other price hikes that marketers informed customers about in recent weeks, including:
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- by BP Castrol, up to 3 percent on Castrol and BP branded products, excluding industrial lubricants.
- by Martin Lubricants, up to 4 percent per gallon on its SynGard, Xtreme, Gard and Unimark products effective April 24. The increase will also apply to its private label lubricants and greases.
- by Cam2, bulk and package price increase of up to 20 cents per gallon to 35 cents per gallon, depending on product, effective on all bulk and packaged orders April 17.
- by Smittys Supply, by 4 to 6 percent effective April 24 on bulk and packaged products.
A previous round of finished lubricant price increases ranging from 3 percent to 8 percent took place from around Feb. 20 through March 20. Some of the marketers informing customers about price hikes that took effect during that period included ExxonMobil, Shell, Chevron, Valvoline, BP Castrol, Phillips 66, Citgo, Omni Specialty Packaging and Cam 2 International.