Chemical giant BASF raises prices due to raw material and energy costs

German chemical conglomerate BASF announced price increases across its product portfolio due to rising raw material and energy costs. The company indicated that some products could see price increases exceeding 30 percent. BASF is one of the world's largest chemical companies, producing everything from basic chemicals and plastics to agricultural solutions and automotive components. The price adjustments reflect broader inflationary pressures affecting energy-intensive industries, particularly in Europe where natural gas and electricity costs have surged significantly over the past year.