Praxair, Inc. and Praxair Canada Inc. have notified bulk and packaged industrial and medical gas customers in the United States and Canada that the product prices, facility fees / monthly basic charges and other items will increase.
The changes will be effective from 1st September, or as contracts permits. Price alterations will vary according to products as well as in accordance with existing contract parameters:
• Increases of up to 10% for nitrogen, oxygen, argon, hydrogen, and carbon dioxide
• Price rise of up to 5% for helium
• Up to 10% price rise on facility fees or monthly basic charges and cylinder rental rates.
Praxair advises that cost adjustments are necessary to support continued reinvestment in equipment, facilities and sources to maintain reliable supply. Furthermore, the company hopes that the additional revenue will enable better customer service and offsetting of the accumulation of costs.