10 Hrs
Source:
الاقتصادية
Engine oil shortages may drive up auto prices
The world's largest automakers such as Volkswagen, Stellantis, and Toyota are facing a crisis in engine oils due to a severe shortage of high-quality base oils, which were imported from the Middle East. The conflict in the Middle East, coupled with the war in Iran, has drained stocks, with warnings of limited alternatives and the potential for new shocks. Companies are now seeking alternative lubricants that meet quality standards, while the sharp rise in base oil prices—almost tripling since the onset of the conflicts—raises further challenges. This situation could increase maintenance costs and impact routine oil change procedures for vehicles worldwide.
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