ILMA Fights Back

Received a press release today from the Independent Lubricant Manufacturers Association (ILMA), that trade group represent the nearly 300 companies that manufacture nearly 25 percent of all lubricants in the country. ILMA reports that it is preparing to submit comments to the Federal Trade Commission renewing its criticism of pricing practices by major oil companies.

ILMA charges that these companies are raising prices on base lubricants with “effective immediately” timeframes, yet delaying price increases on finished lubricants for up to 60 days, in effect “squeezing” ILMA members, most of whom have to raise their finished lubricant prices immediately to compensate for the higher prices on base lubricants.
ILMA hopes to convince the FTC to prohibit what it calls “market manipulation.” 
Sounds like higher prices are putting everyone in a cranky mood.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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