Aramco maintains LPG price in May, while Sonatrach reduces it by between 2% and 18%.

SAUDI ARAMCO

SAUDI ARAMCO

2222.SA

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MOSCOW, May 4 (Reuters) - Saudi Aramco held its official selling prices for liquefied petroleum gas (LPG) steady in May, while Algeria's Sonatrach cut them by between 2 and 18 percent due to rising global supply and falling demand, traders said on Monday.

Saudi Aramco's official selling prices for May were set at $750 per ton for propane and $800 per ton for butane.

Propane and butane are two types of liquefied petroleum gas (LPG) with different boiling points. LPG is primarily used as a fuel for cars, for heating, and as a feedstock for other petrochemicals.

Sonatrach reduced its official prices for May by $150 per ton for propane to $700 and by $20 per ton for butane to $880.

Aramco's official selling prices are used as a reference for contracts for the supply of liquefied petroleum gas from the Middle East to the Asia-Pacific region.

Sonatrach's official selling prices are used as benchmarks for the Mediterranean and Black Sea region, including Türkiye.


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