NO. 15


Saudi Arabia

Saudi LPG Prices Rise under Samarec's New Formula

The January prices for Saudi propane and butane were set at $191.87/ton and$176.06/ton respectively, under Samarec's new LPG formula which came into effecton 1 January 1992 (see item above). The January prices represent an increase of$51.52/ton (36.7%) for propane and $36.65/ton (26.3%) for butane from theDecember prices. The current LPG spot prices FOB Arabian Gulf are around$280/ton for propane and...