Riyadh - Mubasher: Saudi Aramco announced an increase in the official selling prices of propane and butane for February, according to a statement issued on Thursday.

Aramco explained in the statement that the new prices were set at $635 per ton for propane and $625 per ton for butane, reflecting an increase of $10 per product compared to the previous month.

Propane and butane are two types of liquefied petroleum gas, commonly used for heating, vehicle fuel, and as a feedstock in the petrochemical industry. Although similar, these two gases have different boiling points, making them suitable for a range of specific applications.

Aramco's official selling prices for LPG serve as important benchmarks for contracts supplying these products from the Middle East to the Asia-Pacific region.

Demand for propane typically peaks in the winter months, as it is a primary source of home heating, and this seasonal spike often leads to higher prices.

Aramco indicated in the statement that price fluctuations are a direct reflection of supply and demand dynamics, as cold weather pushes prices higher in line with increased consumption.