Lubricant Price Adjustment Tracker

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Updated April 13, 2017

Effective May 15, 2017, CITGO will implement a general price increase of up to 4% to 6% on its branded and private label lubricants. CITGO  says the increase is driven primarily by escalations in base oil and additive costs occurring over the past several months.

Valvoline announced an increase of up to 4% on its branded lubricant products. This increase takes effect June 1, 2017. Valvoline attributes this adjustment to increases in the cost of raw materials and higher manufacturing and distribution costs.

The average time from the date the lubricant manufacturers JobbersWorld reported on in Round 2 – 2017 to the effective date of the increases is 20 days. Interestingly, there is a significant difference in the number of days from announcement to effective dates between the majors and other blenders, as illustrated below and shown in Table 1.

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IncreaseChart4182017

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See table below for other price increases JobbersWorld has reported on in Round 2 of 2017.

Most Recent Price Increase Announcements

Lubricant Manufacturers Round 2

Company Announced
Date
Effective
Date
Increase
Amalie 3/17/2017 4/21/2017 24 cpg lubes, 3 cpp grease
Calumet 3/20/2017 4/20/2017 4 to 6%
Castrol (excluding industrial) 3/22/2017 5/1/2017 up to 3%
CAM2 3/23/2017 4/17/2017 20 to 35 cpg
Warren Distribution 3/24/2017 4/24/2017 6 to 9%
Smitty’s Supply 3/24/2017 4/24/2017 4 to 6%
Chemlube 3/27/2017 4/20/2017 4 to 7%
Pinnacle Oil 3/28/2017 4/18/2017 5 to 9%
Reliance Fluid Technologies (RFT) 3/28/2017 4/28/2017 6 to 9%
Old World Industries (PEAK) 3/28/2017 4/21/2017 up to 8%
Allegheny Petroleum 3/28/2017 4/17/2017 20 to 35 cpg
Warren Oil Company 3/28/2017 4/24/2017 4 to 9%
Kleen Performance Products 3/29/2017 4/17/2017 5 to 12%
ExxonMobil 3/31/2017 5/10/2017 up to 4%
Royal Mfg 4/1/2017 5/1/2017 4 to 8%
Chevron 4/3/2017 5/15/2017 4 to 6%
Advanced Lubrication Specialties (ALS) 4/3/2017 4/24/2017 5 to 9%
Nu-Tier Brands 4/4/2017 4/24/2017 4 to 7%
Phillips 66 4/5/2017 5/10/2017 4 to 6%
Petro-Canada 4/5/2017 5/5/2017 up to 6% (excluding white oils and process oil)
SOPUS/Shell 4/10/2017 5/15/2017 up to 4%
CITGO 4/11/2017 5/15/2017 4 to 6%
Valvoline 4/11/2017 6/1/2017 up to 4%

  


2017 Price Increase Timeline – Lubricant Manufacturers
Round 2
Increase4132017

Lubricant Manufacturers Round 1

Company Announced
Date
Effective
Date
Increase
Shell 1/16/2017 2/20/2017 5%
Reliance Fluid
Technologies (RFT)
1/17/2017 2/13/2017 6 to 8%
Warren Oil Company 1/20/2017 2/20/2017 Bulk: $0.15/gal
Packaged $0.20/gal
Grease $0.05/lb
CAM2 1/20/2017 2/13/2017 5 to 8%
Smitty’s Supply 1/20/2017 2/13/2017 5 to 8%
Chevron 1/20/2017 3/6/2017 Lubricants and Greases
up to 5%
Warren Distribution 1/23/2017 2/27/2017 5 to 8%
Old World Industries
(PEAK)
1/23/2017 2/13/2017 up to 8%
ExxonMobil 1/23/2017 2/22/2017 Lubricants and Greases
up to 5%
Total 1/23/2017 3/1/2017 up to 4%
Safety-Kleen 1/24/2017 2/15/2017 5 to 9%
Chemlube 1/25/2017 2/15/2017 5 to 7.5%
Phillips 66 1/25/2017 2/27/2017 Lubricants and Greases
up to 5%
Nu-Tier 1/25/2017 2/20/2017 5 to 8%
CITGO 1/27/2017 3/1/2017 3 to 5%
Advanced Lubrication Specialties (ALS) 1/27/2017 2/20/2017 5 to 8%
Valvoline 1/27/2017 3/1/2017 up to 5%
Allegheny Petroleum 1/31/2017 2/20/2017 $0.25 a gallon
Castrol 2/3/2017 3/20/2017 up to 5%
 Universal Lubricants 2/15/2017 3/10/2017  $0.20 a gallon
 D-A Lubricant 2/20/2017 3/20/2017  5 to 6%

 

Additive Manufacturers

Company Announced
Date
Effective
Date
Increase
Infineum USA 2/5/2017 2/27/2017 up to 4%
Lubrizol 2/11/2017 3/20/2017 7%

  

2017 Price Increase Timeline – Lubricant Manufacturers
Round 1
priceincrease2212017

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