BP Castrol, Martin Lubricants, Cam2 International and Smittys Supply notified U.S. customers of finished lubricant increases that take effect from mid-April into early May, most citing increasing costs for raw materials such as base oil and additives.
BP Lubricants USA informed customers of price increases of up to 3 percent effective May 1 on Castrol and BP branded products, excluding industrial lubricants. The company already implemented a 5 percent price increase on March 20.
Martin Lubricants told customers it will institute a general price increase of up to 4 percent on its SynGard, Xtreme, Gard and Unimark products effective April 24. The increase will also apply to its private label lubricants and greases.
Cam2 notified customers it will raising prices by 20 cents per gallon to 35 cents per gallon, depending on product, effective on all bulk and packaged orders placed on or after April 17.
Smittys Supply informed customers it will increase prices 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. 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.