Lubricants Price Increase Announcement

Please be advised that Chevron Lubricants and Valvoline have announced a price increase, of up to 12% on all lubricating oils and greases, due to increasing costs of raw materials impacting the manufacturing of their products. Chevron Lubricants price increase will be effective 2/24/2020, followed by Valvoline on 03/02/2020.

Recently, many base oil producers, including ExxonMobil, Motiva, Chevron, HollyFrontier, PetroCanada, Avista Oil, Paulsboro and SK, announced that they will be increasing the price of base oils. The base oil increase is a result of many factors in the global base oil market but is mostly driven by firm crude oil prices and a tightened supply.

The increased price of base oils is a critical factor in the rising cost of finished lubricant products. As a result, the major finished lubricant manufacturers have also announced a price increase on branded and unbranded lubricants and grease. Suppliers attribute the increase to the higher cost of raw materials including the rising cost of base oil.

Upcoming finished lubricants price increases include:

Greg’s Petroleum Service delivers quality products and valuable service at competitive prices. We greatly appreciate your continued business and partnership. For questions on this price increase, please contact your Greg’s Petroleum Service sales rep today.