ExxonMobil advised its marketers that effective July 1, 2010, it will increase the price of its branded and unbranded lubricants and greases. Marketers are told the increase will bump prices up by as much as 9%.

Chevron marketers got the word yesterday that there will be an increase of up to 10% on all lubricating oils, gear lubes and greases. This increase is effective July 1, 2010.

Chevron says the increase is due to the recent rise in base oil and additive costs.

Valvoline marketers got word this morning that Valvoline too is increasing its prices. Marketers are told that effective June 21, 2010, Valvoline will increase the price of its lubricant products by up to 9%. The actual amount will vary by type and segment.

Valvoline says this increase is due to the higher cost of base stocks and other raw materials.

JobbersWorld is all about issues impacting lubricant distributors. You are our primary audience and you are the ones we need to hear from. What's on your mind? What issues would you like to see us tackle? And what news would you like others to know about?

• News
• Mergers and acquisitions
• Promotions
• New products
• Classified

We reach out to nearly 10,000 participants in the lubricant distribution supply chain once or twice a week (depending on what's NEWS) and we tell it like it is.

Please contact us via e-mail at tom_glenn@jobbersworld.com, or direct at 732-494-0405.

Copyright © 2010 Petroleum Trends International, Inc.