21 JANUARY 1991

Saudi Arabia

Samarec Lowers January LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a 16.6% decrease in the January prices of propane and butane to$180.06/ton and $177.59/ton respectively from the December prices of $215.85/tonfor propane and $212.89/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 the...