CITGO Petroleum Corporation Price Increases – Effective February 1, 2025
Effective February 1, 2025, CITGO Petroleum Corporation will implement new off-list price adjustments on Toluene and Xylene. These changes reflect ongoing fluctuations in the petrochemical market, directly impacting industries dependent on these essential products.The specific price adjustments are as follows:Toluene: Increased by $0.06 per poundXylene (Chicago Area Terminals): Increased by $0.05 per poundThese increases underscore a growing trend of market volatility in raw materials, which could significantly influence procurement strategies and production costs for businesses.
Implications for Your Business