CITGO, ConocoPhillips, Shell and Petro-Canada Announce Finished Lube Price Increases
CITGO announced last week that it will implement list and customer specific price increases on all finished lubricants from 12% - 15% effective with shipments occurring on and after July 1, 2008. Shell also announced that effective Aug 5, 2008, it will implement a general price increase on finished lubricants of 15%. ConocoPhillips announced a price increase for all finished lubricants by up to 18%, effective Tuesday, July 1, 2008 and Petro-Canada announced that it will raise lubricant prices by up to 18% for all shipments on or after June 26, 2008.
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