NO. 24

18 MARCH 1991

Saudi Arabia

Samarec Lowers March LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a 25.6% decrease in the March prices of propane and butane to$113.91/ton and $112.35/ton respectively from the February prices of $153.14/tonfor propane and $151.04/ton for butane. The new LPG prices, which reflect therecent sharp fall in oil prices in the wake of the Gulf war, are linked to theBTU value of Arabian Light crude for...