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Aramco Fixes Selling Prices of Liquefied Petroleum Gas in July

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.

أرامكو- معمل حرض للغاز

 

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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