The price of a finished lubricant is dependent on the base oil cost,addtives cost,transportation cost,labour cost and packaging material cost.

Highest increase in lubricant price in 2021 is due to short supply and higher cost of raw materials and other inputs.Supply-Demand imbalance created a gap post-pandemic which caused shortfall in passenger car motor oil,diesel engine oil and driveline additives.

Additives cost has been increased by almost 20% since Dec. 2020.

Base Oil prices have been increased by almost 40-50% since Dec. 2020.

Transportation cost jumped by 25-35% since pre-pandemic times.

Price of steel used for drums,prices of resins used for bottles,caps etc, and prices of pallets are increased by 10-20% in 2021.

PETROKING PETROLEUM HEBEI CO., LTD Based on our own factory established in 1988. We have 32 years’ grease production experience and 10 years of the experience working with more than 40 countries in Asia, Africa, European and America industry market. We are access to Tianjin port. Also the railway and air transportation are very convenient, which can insure the time for delivery.

We specialize in manufacturing Multipurpose Lithium Base Grease, High Temperature Grease,Extreme Pressure Grease, Lithium Complex Grease, Aluminium Complex Grease, Graphite Grease, Anhydrous Calcium Grease, Engine Oil, Gear Oil, Hydraulic Oil etc.