Tuesday, May 1, 2018

Holding the Line on Pricing

Continually rising raw-material costs have prompted a number of lubricant companies, including Chevron* and ExxonMobil*, to announce a second round of price increases for April and May. The up-to-10-percent price increases follow close behind the 5-6 percent increases that took effect in February and March. While we implemented a price adjustment April 9, we are working diligently to keep raw-material costs in line and have no imminent plans to increase prices a second time. Should a future price increase become necessary, we will provide notice in all the usual places.

*All trademarked names are the property of their respective owners and may be registered marks in some countries. No affiliation or endorsement claim, express or implied, is made by their use.