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March 12, 2019

Volume 2 Issue 11

Nigerian Blenders Demand Tariff Hike

The Lubricant Producers Association of Nigeria asked the country’s government to raise the tariff on imported finished lubricants to 50 percent to protect local blenders. Opponents contended the increase would hurt lubricants importers, noting that the current 30 percent tariff forced many companies out of the market when first implemented. read more

SK Forecasts Rising Group III Demand

The world’s thirst for API Group III base stocks should continue to grow in coming years, as requirements for light-duty automobiles keep increasing and heavy-duty vehicles become a new source of demand, an official with SK Lubricants said recently. read more

Briefly Noted

Total Spain signed an agreement with Peugeot Dealers to become the official recommended lubricants brand for Peugeot automobiles. Motul and the Automobile Club de l'Ouest extended an agreement to keep Motul as the official lubricant of the 24 Heures Motos, 24 Heures du Mans and the Championnat du Monde d'Endurance competitions. Lubricant manufacturer United Oil Products relocated its factory from Monmouth, South Wales, to Manchester, England.