Fourth Price Increase of 2021 on Finished Lubricants Goes Into Effect in July 2021

In an unprecedented and “unique” year, suppliers have announced their fourth price increase since January 2021 on finished lubricants, greases, chemicals, coolants, DEF, and antifreeze – with hikes ranging from 7% to 18% depending on the product.

The increases, which go into effect beginning July 12 and average about 12%, have been attributed to continued market stress and soaring costs for everything raw materials to additives, packaging, transportation, and logistics. READ MORE

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