Saudi Aramco kept the official selling prices for liquefied petroleum gas unchanged in July, while the Algerian company Sonatrach raised prices by rates ranging between 11% and 18% due to increased demand from the Mediterranean region.
Aramco maintained the official selling price for propane in July at $580 per ton, as well as for butane at $565 per ton.
Propane and butane are two types of liquefied petroleum gas, but each has a different boiling point, according to Reuters. LPG is mainly used as a fuel for cars, heating, and as a feedstock for other petrochemicals.
Sonatrach raised the official selling price for July for propane by $55 per ton to $550, and for butane by $75 per ton to reach $500.
Aramco’s official selling prices for liquefied petroleum gas are used as a reference for contracts to supply the product from the Middle East to the Asia-Pacific region, while Sonatrach’s official selling prices for liquefied petroleum gas are used as a standard for the Mediterranean, Black Sea and Turkey regions.
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