BASF to Hike Some Prices by Up to 30% or More as Energy, Materials Costs Soar

By Joshua Kirby

BASF said it is raising the prices of many of its products by as much as nearly a third or more amid higher costs for raw materials, energy and transportation.

Prices of products in the German chemicals group's home-care, industrial & institutional cleaning and industrial formulators segments in Europe will rise by up to 30% or even more for some products, effective immediately or as allowed by existing contracts, it said Wednesday.

"The move primarily comes in response to significant volatility in the pricing and availability of key raw materials, increasing domestic and transcontinental logistics costs, and soaring packaging and energy costs," the company said.

The move comes after the German chemicals association warned last week that the war in the Middle East was showing early signs of hitting the industry's supply chain, with an immediate rise in oil and gas prices spreading to other raw materials.

"The longer the war lasts, the more severe the consequences will be," the association's boss, Wolfgang Grosse Entrup, said at the time.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

March 18, 2026 04:42 ET (08:42 GMT)