Aramco raises LPG prices in June, while Sonatrach lowers them.

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- Saudi Aramco raised its official selling prices for liquefied petroleum gas (LPG) in June by 1% to 3%, while Algeria's Sonatrach cut them by 18% to 31% due to increased supply in the Mediterranean market, traders said on Monday.

Saudi Aramco's official selling prices for June increased by ten dollars per ton for propane to $760 per ton and by 20 dollars per ton for butane to $820 per ton.

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 June by $125 per ton of propane to $575, and by $270 per ton of butane to $610.

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 use benchmarks for the Mediterranean and Black Sea region, including Türkiye.