Price Adjustments – Lubricants, Base Oils, Additives, and others
- Safety-Kleen announced it will increase prices on all lubricants and related products by up to 12%. The increase is effective June 17, 2024, and Safety-Kleen attributes the need for the adjustment to increases in the cost of raw materials.
- Reliance Fluid Technologies, LLC (RFT) will be implementing a price increase of up to 12% on finished lubricants and packaging. The adjustment is effective June 17, 2024. RFT says the leading drivers are base oil and packaging increases.
- Advanced Lubrication Specialties (ALS) announced a price increase of up to 12% on all products. The increase takes effect on June 1, 2024. ALS attributes the need for the adjustment to recent rises in raw material, packaging and productions costs.
- Pinnacle Oil Holdings announced it will increase prices up to 12% on all bulk and packaged products. The increase is effective on May 29th. The need for the adjustment is attributed to upward pricing pressure on base oils and additives.
- ExxonMobil announced it will be implementing a finished lubricant price increase of up to 15% effective May 22, 2024.
- Highline Warren will implement a price increase of up to 10% on finished lubricant products, effective May 16, 2024. Highline Warren attributes the need for the adjustment to additional changes in base oil prices across the market.
