NO. 11

17 DECEMBER 1990

Saudi Arabia

Samarec Lowers December LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a 9.9% decrease in the December prices of propane and butane to$215.85/ton and $212.89/ton respectively from the November prices of $239.59/tonfor propane and $236.31/ton for butane. The new LPG prices, which reflect therecent fall in oil prices, are linked to the BTU value of Arabian Light crudefor Far East destinations in...