Don't Miss
an Issue.

Subscribe to Lube Report,. This FREE weekly e-newsletter features breaking news and base oil price reports.

February 8, 2017

Volume 17 Issue 52

    View Printer Friendly Article Bookmark and Share

More Finished Lube Price Hikes

Valvoline and BP Castrol notified U.S. customers of finished lubricant price increases that take effect in March, citing rising costs for raw materials, packaging and transportation.

Valvoline said its prices will rise up to 5 percent, effective March 1. BP Lubricants USA Inc. announced hikes of the same amount, effective March 20 on Castrol and BP branded products.

They join other finished lubricant price hikes that marketers informed customers about in recent weeks, among them:

ExxonMobil, Shell, Chevron, Phillips 66, Citgo, Omni Specialty Packaging and Cam2 International previously announced finished lubricant price increases ranging from 3 percent to 8 percent.

The last widespread price movement was a round of increases in the U.S. that took place in the July-August period last year.