Prices for motor oils and other finished lubricants are on the rise. Two major suppliers announced price hikes this month and observers expect others to follow suit. And that could be just the beginning, with a new engine oil specification expected to spur further markups later this year.
That might sound like cause for celebration on the part of motor oil suppliers, but at least some sources warn that increases may not be well received by the market. Furthermore, some blenders complain that increases in their own costs never match the cost increases they incur.