Aramco raises LPG prices in June, while Sonatrach lowers them.
SAUDI ARAMCO 2222.SA | 0.00 | |
Tadawul All Shares Index TASI.SA | 0.00 |
MOSCOW, June 1 (Reuters) - 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.
