The rapidly increasing cost of oil has been well-documented over the past few months, and rising costs of base oils and other raw materials have forced lubricant companies to impose multiple rounds of price increases. Most recently, Valvoline announced an additional 9 to 11 percent average increase, and Castrol is raising its prices again by up to 10 percent. Although AMSOIL implemented a price adjustment March 1, the company has also been hit with additional cost increases from its suppliers and is now forced to implement a May 1 price adjustment in the U.S. and Canada, although the adjustment may vary for each country. The adjustment only affects lubricants and fuel additives, and the increase has been held to an average of roughly 3 to 4 percent. Even with a minimal price adjustment, AMSOIL synthetic lubricants remain the best and most cost-effective choice on the market, saving customers money through extended drain intervals, reduced wear and maintenance and increased fuel efficiency.
Updated pricing information will be available in the Product Pricing Interface in the Dealer Zone as soon as possible. Retail and commercial accounts will be notified of the impending price change through an email, an Account Zone message and the Spring Service Line, which will be mailed in April. Servicing Dealers are also encouraged to inform their customers of the price change.