NO. 2

15 OCTOBER 1990

Saudi Arabia

Samarec Raises October LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a 38.2% increase in the October prices of propane and butane to$229.20 and $226.06/ton respectively from the September prices of $165.88 forpropane and $163.51/ton for butane. The new LPG prices, which reflect the surgein oil prices since the outbreak of the Gulf crisis, are linked to the BTU valueof Arabian Light crude prices...