NO. 27

9 APRIL 1990

Oil Prices

Samarec Lowers April LPG Prices

The Saudi Arabian Marketing and Refining Company (Samarec) has notified itsLPG customers of a reduction in the April price of propane and butane to$109.30/ton and $107.53/ton respectively from the March price of $121.53/ton forpropane and $119.86/ton for butane. The new prices are linked to the BTU valueof Arabian Light crude prices for Far East destinations in the preceding monthof March, in line with the LPG price formula...